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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan CB Leading Index climbed to 115.9% in April 2026
FMPMonthlyReleased June 2026
Japan CB Leading Index climbed to 115.9% in April 2026, released June 2026, up 1.9% from March's 114.0% reading. The reading matched the 114.4% consensus. Year-over-year, the indicator is up 12.5%. Over the past 3 months, CB Leading Index averaged 113.12%, vs 110.28% in the prior 3-month window. CB Leading Index is now the highest in 16 months.
Latest Release
115.9
Actual
114.4
Consensus
114
Previous
Median Absolute Error
±0.53 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 114.24
Actual: 115.9
Error: -1.66
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.49 | INDEX | Bearish S&P 500 | → View |
| Nikkei 225 | ▼ Inverse | −0.41 | INDEX | Bearish Nikkei 225 | → View |
| Hang Seng | ▼ Inverse | −0.41 | INDEX | Bearish Hang Seng | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CB Leading Index (Japan) was reported at 115.9% in June 2026. This beat the market consensus of 114.4% by 1.5%. The reading rose from the previous value of 114%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 109.06%, ranging from 104.2% to 115.9% across 22 releases.
WHY IT MATTERS
The trailing three releases averaged 114.8%, up from the prior three at 111.83%. Volatility over the past year (σ 3.26%) is higher than the prior year (σ 1.52%). In June readings over the past 3 years, CB Leading Index has averaged 107.83%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with Nikkei 225, negatively correlated (Bearish Nikkei 225). Over the last 12 releases, the Sigmacast model's median absolute error is 0.53%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CB Leading Index - JP
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About CB Leading Index — Japan
DEFINITION
The CB Leading Index is a widely recognized financial indicator that measures the overall economic health and potential future performance of a country's economy. It is based on a composite of various economic factors, such as stock prices, consumer expectations, and interest rates, and is used by investors and policymakers to make informed decisions about the direction of the economy. The CB Leading Index provides valuable insights into the current and future state of the economy, making it a crucial tool for assessing market trends and making strategic financial decisions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 115.9 %, consensus 114.4 %. Prior reading (Mar 2026): 114 %. Before that (Mar 2026): 114.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.49) — a useful reference for index-focused traders.