Email
Linkedin
Facebook
X
Copy Link
Loading...
For Release 10:30 AM ET, December 10, 2025
Using the Composite Indexes: The Leading Economic Index (LEI) provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index (CEI) provides an indication of the current state of the economy. Additional details are below.
The Conference Board Leading Economic Index®(LEI) for Japan increased by 0.3% in October?2025 to 87.8 (2016?=?100), increasing further after the 0.2% rise in September. Over the six?month period from April to October?2025, the LEI for Japan also increased by 0.5%, unchanged from the 0.5% growth recorded between October?2024 and April?2025.
The Conference Board Coincident Economic Index® (CEI) for Japan fell by 0.4% in October?2025 to 98.0 (2016?=?100), after being unchanged in September. Over the most recent six?month period ending in October?2025, the CEI ticked down by 0.1%, continuing the 0.6% decline observed over the previous six months (October?2024 to April?2025).
Note for Change in Annual BCI Benchmark Revision Timing
Annual BCI Benchmark Revisions
Release of the annual benchmark revisions for Business Cycle Indicator (BCI) composite economic indexes will be moved from January 2026 to June 2026. Releases in subsequent years will also be in June. This modification ensures that the sample period fully incorporates the most recent completed calendar year of the underlying components (source data) of composite indexes (leading and coincident). This data is used for calculating standardization factors and subsequently trend adjustments.
Due to the change in revision release timing from January to June, the cutoff for incorporating source data revisions into the benchmark process will shift accordingly:
- For the next benchmark revision in June 2026, the cutoff used for calculating standardization factors and trend adjustment will be December 2025, rather than December 2024.
- This change in timing allows the volatility calculations and factor updates to reflect a more complete dataset prior to the annual recalculation of the historical composite indexes.
The next release is scheduled for Monday, January12, 2026, at 10:30 A.M. ET.
Positive financial components and dwelling units started drove LEI higher in October
|
About The Conference Board Leading Economic Index® (LEI) and Coincident Economic Index® (CEI) for Japan.
The composite economic indexes are key elements in an analytic system designed to signal peaks and troughs in the business cycle. Comprised of multiple independent indicators, the indexes are constructed to summarize and reveal common turning points in the economy in a clearer and more convincing manner than any individual component.
The CEI reflects current economic conditions and is highly correlated with real GDP. The LEI is a predictive tool that anticipates—or “leads”—turning points in the business cycle by around four months.
The ten components of the Leading Economic Index® for Japan are:
The four components of the Coincident Economic Index® for Japan are:
To access data, please visit: https://data-central.conference-board.org/
About The Conference Board
The Conference Board is the member-driven think tank that delivers Trusted Insights for What’s Ahead®. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. TCB.org
PRESS RELEASE
LEI for South Korea Decreased in October
December 09, 2025
PRESS RELEASE
The LEI for Germany Ticked Up in October
December 09, 2025
PRESS RELEASE
LEI for Spain Held Steady in October
December 08, 2025
PRESS RELEASE
LEI for China Declined in October
November 24, 2025
PRESS RELEASE
LEI for Mexico Decreased in October
November 19, 2025
PRESS RELEASE
LEI for India Increased in October
November 18, 2025
All release times displayed are Eastern Time
Note: Due to the US federal government shutdown, all further releases for The Conference Board Employment Trends Index™ (ETI), The Conference Board-Lightcast Help Wanted OnLine® Index (HWOL Index), The Conference Board Leading Economic Index® of the US (US LEI) and The Conference Board Global Leading Economic Index® (Global LEI) data may be delayed. TCB will resume publication once updated US federal government data are released.
December 09, 2025 | Database
Business & Economics Portfolio
October 08, 2025 | Database
September 29, 2025 | Report
The Economy Stabilized in August but Outlook Remains Weak
September 27, 2023 | Report
China's Economic Recovery Continues to Stutter (Economy Watch: China View, June 2023)
June 30, 2023 | Report
Leading Economic Indicators and the Oncoming Recession
December 07, 2022 | Article
The Evolving Economic Outlook for Europe
July 10, 2024
Is a Global Recession on the Horizon?
July 13, 2022
