Japanese Leading Index Slips to Six Year Low, Fueling Recessionary Concerns

Daily Forex Fundamentals | Written by DailyFX | Oct 07 08 06:14 GMT |

The leading index for Japan fell to a six year low of 89.3 from 91.4 in July, indicating that economic activity has deteriorated considerable since the first half of the year. Furthermore, the coincident index fell in line with expectations as the index slipped to 100.7 from 103.5, which suggests that economic activity may deteriorate further as the world’s second largest economy teeters on the brink of a recession. Indeed, the Bank of Japan decided to hold their benchmark rate steady at 0.50% as widely expected, and noted that the economy may have slipped into a recession for the first time in six years. DailyFX Disclaimer Investment in the currency exchange is highly speculative and should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly we make no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in this website. While we try to ensure that all of the information provided on this website is kept up-to-date and accurate we accept no responsibility for any use made of the information provided. All intellectual property rights are the property of Daily FX. Daily FX and its affiliates, will not be held responsible for the reliability or accuracy of the information available on this site. The content herein is provided in good faith and believed to be accurate, however, there are no explicit or implicit warranties of accuracy or timeliness made by Daily FX or its affiliates. The reader agrees not to hold Daily FX or any of its affiliates liable for decisions that are based on information from this website. Daily FX highly recommends that before making a decision, the reader collects several opinions related to the decision and verifies facts from at least several independent sources.