Japan Coincident Index Prel

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Surprise:

-0.3

Actual:

115.9

Forecast: 116.2

Previous/Revision:

116

Period: May

What Does It Measure?

The Japan Coincident Index Prelim measures the current state of the economy by reflecting a composite of several key economic indicators that assess various aspects such as production, employment, and sales. Specifically, it includes key indicators like industrial production, retail sales, and business activity, with values above 100 indicating economic expansion and below 100 indicating contraction on a national level.

Frequency

The Japan Coincident Index Prelim is released monthly, typically published around the 8th of the following month, and it provides an early estimate that may be subject to subsequent revisions.

Why Do Traders Care?

Traders monitor the Japan Coincident Index Prelim closely as it serves as a timely gauge of economic health that can influence market sentiment and predictions for future growth. Stronger-than-expected results can lead to bullish behavior in Japanese equities and strengthen the yen, while weaker results could have bearish implications for both markets.

What Is It Derived From?

The Coincident Index is derived from various economic data sources including surveys and statistical estimates from key sectors such as manufacturing and services. Calculations are based on diffusion indices that combine weighted data from multiple sources to generate a composite score indicative of overall economic conditions.

Description

The preliminary version of the Coincident Index is based on first estimates of various economic data, which are later refined through more accurate calculations in the final report. The preliminary data often prompts immediate market reactions, whereas the final report provides more accuracy and can lead to adjustments in existing market views.

Additional Notes

The Japan Coincident Index Prelim is regarded as a coincident economic indicator, meaning it provides insights that correspond with the current economic cycle. It is often used in conjunction with other indicators, such as the Leading Index, to deliver a fuller picture of economic trajectories both domestically and internationally.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise
Jul 07, 2025		115.9	116.2	116	-0.3