Japan’s leading economic index, which gauges the outlook for the coming months based on indicators such as job offers and consumer sentiment, increased to 110.2 in December 2025 from a final reading of 109.9 in November, above market forecasts of 109.8, preliminary estimates showed. The latest reading marked the highest level since May 2024, supported by consumer confidence, which was at its highest since April 2024. Meanwhile, cost pressures eased in December, marking their lowest level since March 2022. However, overall consumption remains in a recovery phase, despite falling in December, supported by accommodative monetary conditions source: Cabinet Office, Japan

Leading Economic Index Japan increased to 110.20 in December of 2025 over the same month in the previous year. Leading Economic Index in Japan averaged 102.74 Points from 1985 until 2025, reaching an all time high of 120.20 Points in November of 2013 and a record low of 80.40 Points in July of 1986. This page provides - Japan Leading Composite Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Leading Economic Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Leading Economic Index Japan increased to 110.20 in December of 2025 over the same month in the previous year. Leading Economic Index in Japan is expected to be 115.00 Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Leading Economic Index is projected to trend around 117.00 Points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-26 05:00 AM
Leading Economic Index Final
Nov 109.9 109.8 110.5 110.5
2026-02-06 05:00 AM
Leading Economic Index Prel
Dec 110.2 109.9 109.8 110.3
2026-02-26 05:00 AM
Leading Economic Index Final
Dec 109.9 110.2


Related Last Previous Unit Reference
BSI Large Manufacturing 4.70 3.80 percent Dec 2025
Changes in Inventories -242.40 819.20 JPY Billion Dec 2025
Coincident Index 114.50 114.90 points Dec 2025
Eco Watchers Survey Current 47.60 47.70 points Jan 2026
Eco Watchers Survey Outlook 50.10 49.50 points Jan 2026
Leading Economic Index 110.20 109.90 Points Dec 2025
Machinery Orders MoM -11.00 7.00 percent Nov 2025
New Orders 1019.14 1145.61 JPY Billion Nov 2025


Japan Leading Economic Index
In Japan, the Leading Composite Index consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. The index anticipates changes in the direction of the Japanese economy in the coming months. In general, increase in the index reflects that the economy is in an expansion phase, and decreasing coincident index reflects that the economy is in a contraction phase. The index is used to make official judgement on when the business cycle begins and ends.
Actual Previous Highest Lowest Dates Unit Frequency
110.20 109.90 120.20 80.40 1985 - 2025 Points Monthly
2020=100, NSA

News Stream
Japan Leading Index Highest in 19 Months
Japan’s leading economic index, which gauges the outlook for the coming months based on indicators such as job offers and consumer sentiment, increased to 110.2 in December 2025 from a final reading of 109.9 in November, above market forecasts of 109.8, preliminary estimates showed. The latest reading marked the highest level since May 2024, supported by consumer confidence, which was at its highest since April 2024. Meanwhile, cost pressures eased in December, marking their lowest level since March 2022. However, overall consumption remains in a recovery phase, despite falling in December, supported by accommodative monetary conditions
2026-02-06
Japan Leading Index Revised Downward
Japan’s leading economic index, which gauges the outlook for the coming months based on indicators such as job offers and consumer sentiment, was revised lower to 109.9 in November 2025 from a preliminary estimate of 110.5, following a final reading of 109.8 in October. The latest reading remained the highest level since May 2024, supported by consumer confidence, despite easing slightly in December and staying close to its highest level in 18 months in November. Employment reached a fresh record high, while the unemployment rate remained steady at 2.6%. Meanwhile, cost pressures eased in December, marking their lowest level since March 2022. However, overall consumption remains in a recovery phase, rebounding in November after declining in the previous month.
2026-01-26
Japan Leading Index Highest in 18 Months
Japan’s leading economic index, which gauges the outlook for the coming months based on indicators such as job offers and consumer sentiment, increased to 110.5 in November 2025 from 109.8 in October and came in above market forecasts of 110.4. The latest reading marked the highest level since May 2024, supported by consumer confidence, which rose to its highest level in 18 months in November. Employment reached a fresh record high, despite the unemployment rate remaining steady at 2.6%. Meanwhile, cost pressures are expected to persist heading into year-end. However, overall consumption remains in a recovery phase.
2026-01-09