Composite Leading Indicators: Reference Series (GDP) Normalized for Japan
JPNLORSGPNOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.03
Year-over-Year Change
1.23%
Date Range
2/1/1960 - 8/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Normalized for Japan tracks a composite index of leading economic indicators for Japan, normalized to the country's GDP. This important metric helps economists and policymakers assess the overall health and near-term direction of the Japanese economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Composite Leading Indicators (CLI) index is a widely used tool for monitoring and forecasting economic cycles. The reference series, normalized to GDP, provides a comprehensive gauge of Japan's macroeconomic performance that can signal turning points and guide policy decisions.
Methodology
The data is collected and calculated by the Organization for Economic Cooperation and Development (OECD) based on a proprietary methodology.
Historical Context
This leading indicator is closely watched by Japanese government officials, central bankers, and international analysts to anticipate changes in the business cycle and inform economic policies.
Key Facts
- The CLI index for Japan has a base year of 2015 = 100.
- Readings above 100 suggest an expanding economy, while below 100 indicates contraction.
- Japan's CLI index is a composite of 7 leading economic indicators.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) Normalized for Japan tracks a composite index of leading economic indicators for Japan, normalized to the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This important metric helps economists and policymakers assess the overall health and near-term direction of the Japanese economy, signaling turning points and guiding policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organization for Economic Cooperation and Development (OECD) based on a proprietary methodology.
Q: How is this trend used in economic policy?
A: This leading indicator is closely watched by Japanese government officials, central bankers, and international analysts to anticipate changes in the business cycle and inform economic policies.
Q: Are there update delays or limitations?
A: The Composite Leading Indicators data is published monthly with minimal delays, providing timely insights into Japan's economic performance.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Normalized for Japan (JPNLORSGPNOSTSAM), retrieved from FRED.