Japan’s leading economic index, which gauges the outlook for the months ahead using indicators such as job offers and consumer sentiment, was revised higher to 113.3 in February 2026 from 112.4 in the preliminary estimates and up from dowanwardly revised 112.0 in the previous month. However, the latest reading remained its highest level since August 2022, underscoring a gradual improvement in the economic outlook. Labor market strength persisted, with the unemployment rate declining to 2.6% from January’s 1.5-year high, while employment rose by 10 thousand to 68.27 million. Consumer confidence was also boosted by Tokyo’s large-scale stimulus program designed to bolster household spending and stabilize growth, though cost pressures intensified due to rising fuel prices driven by the impact of the Iran war. source: Cabinet Office, Japan

Leading Economic Index Japan increased to 113.30 in February of 2026 over the same month in the previous year. Leading Economic Index in Japan averaged 102.77 Points from 1985 until 2026, 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 May of 2026.

Leading Economic Index Japan increased to 113.30 in February of 2026 over the same month in the previous year. Leading Economic Index in Japan is expected to be 107.00 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 and 115.00 Points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-07 05:00 AM
Leading Economic Index Prel
Feb 112.4 112.1 112.3 112.5
2026-04-27 05:00 AM
Leading Economic Index Final
Feb 113.3 112.0 112.4 112.4
2026-05-12 05:00 AM
Leading Economic Index Prel
Mar 113.3 114.6 109


Related Last Previous Unit Reference
BSI Large Manufacturing 3.80 4.70 percent Mar 2026
Changes in Inventories -242.40 819.20 JPY Billion Dec 2025
Coincident Index 116.30 117.90 points Feb 2026
Eco Watchers Survey Current 42.20 48.90 points Mar 2026
Eco Watchers Survey Outlook 38.70 50.00 points Mar 2026
Leading Economic Index 113.30 112.00 Points Feb 2026
Machinery Orders MoM 13.60 -5.50 percent Feb 2026
New Orders 1254.29 1270.29 JPY Billion Feb 2026


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
113.30 112.00 120.20 80.40 1985 - 2026 Points Monthly
2020=100, NSA

News Stream
Japan Leading Economic Index Revised Upward
Japan’s leading economic index, which gauges the outlook for the months ahead using indicators such as job offers and consumer sentiment, was revised higher to 113.3 in February 2026 from 112.4 in the preliminary estimates and up from dowanwardly revised 112.0 in the previous month. However, the latest reading remained its highest level since August 2022, underscoring a gradual improvement in the economic outlook. Labor market strength persisted, with the unemployment rate declining to 2.6% from January’s 1.5-year high, while employment rose by 10 thousand to 68.27 million. Consumer confidence was also boosted by Tokyo’s large-scale stimulus program designed to bolster household spending and stabilize growth, though cost pressures intensified due to rising fuel prices driven by the impact of the Iran war.
2026-04-27
Japan Leading Economic Index Highest Since 2022
Japan’s leading economic index, which gauges the outlook for the months ahead using indicators such as job offers and consumer sentiment, increased to 112.4 in February 2026, up from 112.1 in the previous month and slightly above market forecasts of 112.3, preliminary estimates showed. The reading reached its highest level since August 2022, underscoring a gradual improvement in the economic outlook. Labor market strength persisted, with the unemployment rate declining to 2.6% from January’s 1.5-year high, while employment rose by 10 thousand to 68.27 million. At the same time, consumer confidence climbed to its highest level since April 2019, as concerns over persistent cost pressures eased following Tokyo’s large-scale stimulus program designed to bolster household spending and stabilize growth.
2026-04-07
Japan Leading Index Revised Lower
Japan’s leading economic index, which gauges the outlook for the months ahead using indicators such as job offers and consumer sentiment, was at 112.1 in January 2026, below flash data of 112.4 but higher than a downwardly revised 110.4 in the previous month. The reading reached its highest level since July 2022, underscoring a gradual improvement in the economic outlook. Labor market strength persisted, with the jobs-to-applicants ratio remaining elevated, signaling sustained demand for workers. At the same time, consumer confidence climbed to a 21-month high in January, as worries over stubborn cost pressures eased following Tokyo’s large-scale stimulus program designed to bolster household spending and stabilize growth.
2026-03-25