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Japan's key economic gauge rises for 12th straight month in March

05-12-2010 15:42 BJT

TOKYO, May 12 (Xinhua) -- Japan's key gauge of the current state of the economy rose for the 12th straight month in March, the Cabinet Office said in a preliminary report on Wednesday.

The composite index of coincident economic indicators, Japan's broadest indicator of economic health, rose 1.1 points in March from a month earlier to stand at 101.1 against the 2005 base of 100.

The index of leading indicators, an economic indicator which predicts conditions over the next several months and consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators climbed 4.4 points in March to stand at 102.8, marking a 13th month of consecutive rise.

The Cabinet Office also reported the index of lagging indicators, which reflects conditions in the recent past, rose 1.2 points in March to stand at a preliminary 85.4 against the 2005 base of 100.

The Cabinet Office maintained its recent assessment based on the coincident CI, saying the index shows Japan's economy is " improving."

The indexes take in statistics from all aspects of the Japanese economy to demonstrate both the conditions at present and the future outlook for Japan.

Editor:Zhang Jingya |Source: Xinhua

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