(Finance) – Japan’s economic conditions are expected to worsen in March.
According to the preliminary estimate of Cabinet Office, the leading indicator (superindex) would have reached 111.4 points, down 0.4% compared to 112.1 points in February. The figure, however, is better than analysts’ estimates which indicated a drop to 111.3.
During the same period, the coincident index which summarizes the current situation of the economy, is indicated as increasing to 113.9 points from 111.5.
The deferred indexwhich instead captures the prospects for the next 12 months (lagging index), is seen decreasing to 106.2 points from 106.8.