Japan Coincident Index Revised Slightly Lower

Japan’s index of coincident economic indicators—which tracks key data such as factory output, employment, and retail sales—stood at 116.7 in June 2025, a bit below the flash estimate but above 116.0 in the previous month.

The latest reading was the highest since February, signaling a moderate recovery despite uncertainty stemming from U.S.

trade policies.

Private consumption in the country also strengthened, supported by firmer employment and income conditions, though cost pressures lingered, particularly from surging rice prices.

To ease the burden, the government maintained support measures, including stepped-up rice imports from the U.S., Thailand, and China.

Meanwhile, the Bank of Japan kept its key short-term interest rate unchanged in June, maintaining a cautious stance amid global headwinds.