Japan’s coincident economic index, a key gauge of current economic conditions based on indicators including industrial production, employment and retail sales, fell to 118.7 in August 2026 from a final 120.6 in the prior month, preliminary data showed. The reading was the lowest since May, reflecting the impact of natural disasters and disruptions stemming from the situation in the Middle East. Despite the monthly decline, the economy continued to recover moderately, supported by improving employment and income conditions and recent government policy measures that boosted private consumption. Business investment also picked up, although firms remained cautious about the outlook. Meanwhile, the Bank of Japan kept its short-term policy rate at 1.0% in July, the highest since September 1995, while signaling scope for further rate hikes as underlying inflation approaches 2% and financial conditions remain supportive. source: Cabinet Office, Japan

Coincident Index in Japan decreased to 118.70 points in August from 120.60 points in July of 2026. Coincident Index in Japan averaged 108.08 points from 1985 until 2026, reaching an all time high of 124.40 points in December of 2017 and a record low of 83.50 points in March of 2009. This page provides the latest reported value for - Japan Coincident Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan Coincident Index - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-29 05:00 AM
Coincident Index Final
Jul 120.6 118.9 120.6
2026-10-07 05:00 AM
Coincident Index Prel
Aug 118.7 120.6 119.7
2026-10-23 05:00 AM
Coincident Index Final
Aug 120.6 118.7


Related Last Previous Unit Reference
BSI Large Manufacturing 7.60 -1.80 percent Sep 2026
Changes in Inventories -2408.50 -1742.10 JPY Billion Jun 2026
Coincident Index 118.70 120.60 points Aug 2026
Eco Watchers Survey Current 47.00 46.40 points Sep 2026
Eco Watchers Survey Outlook 47.40 48.30 points Sep 2026
Leading Economic Index 118.00 117.60 Points Aug 2026
Machinery Orders MoM -3.70 9.70 percent Jul 2026
New Orders 1279.73 1275.80 JPY Billion Jul 2026


Japan Coincident Index
Coincident Index correlates with the business cycle, and is used to identify the current state of the economy. In general, increasing coincident index shows that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is calculated using month-over-month percentage changes in 11 leading indicators, 11 coincident indicators, and 6 lagging indicators.
Actual Previous Highest Lowest Dates Unit Frequency
118.70 120.60 124.40 83.50 1985 - 2026 points Monthly
2020=100

News Stream
Japan Coincident Index Slips to 3-Month Low
Japan’s coincident economic index, a key gauge of current economic conditions based on indicators including industrial production, employment and retail sales, fell to 118.7 in August 2026 from a final 120.6 in the prior month, preliminary data showed. The reading was the lowest since May, reflecting the impact of natural disasters and disruptions stemming from the situation in the Middle East. Despite the monthly decline, the economy continued to recover moderately, supported by improving employment and income conditions and recent government policy measures that boosted private consumption. Business investment also picked up, although firms remained cautious about the outlook. Meanwhile, the Bank of Japan kept its short-term policy rate at 1.0% in July, the highest since September 1995, while signaling scope for further rate hikes as underlying inflation approaches 2% and financial conditions remain supportive.
2026-10-07
Japan Coincident Index Confirmed at Highest Since 2018
Japan’s coincident economic index, a key gauge of current economic conditions based on indicators including industrial production, employment and retail sales, stood at 120.6 in July 2026, matching the flash reading and reaching its highest level since October 2018. The result pointed to a solid recovery in economic activity, supported by government measures to contain fuel and oil price increases linked to Middle East tensions, alongside a new fiscal policy framework aimed at balancing growth with budget sustainability. Meanwhile, the Bank of Japan kept its short-term policy rate at 1.0% in July, its highest level since September 1995, while judging risks to economic activity to be broadly balanced.
2026-09-29
Japan Coincident Index Highest Since 2018
Japan's coincident economic index, a key gauge of current economic conditions based on indicators such as industrial production, employment, and retail sales, rose to 120.6 in July 2026 from a final 118.9 in the previous month, preliminary data showed. It was the highest reading since October 2018, pointing to a solid recovery in economic activity, supported in part by government measures to curb fuel and oil price spikes amid Middle East tensions, as well as a new fiscal policy framework aimed at balancing growth with budget sustainability. Meanwhile, the Bank of Japan kept its short-term policy rate at 1.0% in July, its highest level since September 1995, while judging risks to economic activity to be broadly balanced.
2026-09-07