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For Release 10:30 AM ET, July 9, 2026
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 0.9% in May 2026 to 89.7 (2016=100), following a 0.5% increase in April. In addition, over the 6-month period from November 2025 to May 2026, the LEI for Japan grew by 4.3%, a significant improvement compared to 1.2% expansion recorded between May and November 2025.
The Conference Board Coincident Economic Index® (CEI) for Japan was unchanged in May 2026 at 99.4 (2016=100), after rising by 0.7% in April. However, over the 6-month period from November 2025 to May 2026, the CEI expanded by 1.4%, more than reversing a 0.3% decline between May and November 2025.
The next release is scheduled for Tuesday, August 11, 2026, at 10:30 A.M. ET.
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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:
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 nonpartisan, not-for-profit organization holding 501 (c) (3) tax-exempt status in the United States. TCB.org l Learn about Membership
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