Japan’s leading index strengthened more-than-expected in August, preliminary data from the Cabinet Office showed Friday.
The leading index, which measures the future economic activity, rose to 104.4 in August from 103.9 in July. The reading was forecast to rise moderately to 104.2.
The coincident index that reflects the current economic activity, improved to 117.5 from 116.1 a month ago. The expected reading was 117.4.
The lagging index came in at 117.7 versus 117.5 in the previous month.