As of August 28, 2024, Japan’s economic prospects show signs of improvement, with the Leading Index for June 2024 registering a slightly less negative figure of -2.1%. This is a modest but notable improvement from the previous month’s indicator of -2.6%.Released data indicates that the Leading Index, which reflects future economic activity, has been moving in a positive direction on a month-over-month basis. In May 2024, the index was at -2.6%, showing a downturn. However, the latest data reveals a less sharp decline, suggesting that economic contraction may be slowing.This change hints at potential stabilization in the Japanese economy, although the index is still in negative territory, indicating cautious optimism. Analysts will continue to watch upcoming indicators closely to determine if this trend will continue and potentially signal a turnaround in economic conditions for Japan.The material has been provided by InstaForex Company – www.instaforex.com
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