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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Coincident Index climbed to 117.9 in April 2026
FMPMonthlyReleased June 2026
Japan Coincident Index climbed to 117.9 in April 2026, released June 2026, up 1.1 from March's 116.8 reading. The reading matched the 116.2 consensus. Year-over-year, the indicator is up 2.4. Over the past 3 months, Coincident Index averaged 116.87, vs 114.96 in the prior 3-month window. Coincident Index is now the highest in 18 months.
Latest Release
117.9
Actual
116.2
Consensus
116.8
Previous
Median Absolute Error
±0.87
across last 12 releases
Last Call
Jun 2026
Predicted: 117.03
Actual: 117.9
Error: -0.88
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 |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.39 | FOREX | Bullish USD | → View |
| Hang Seng | ▼ Inverse | −0.32 | INDEX | Bearish Hang Seng | → View |
| S&P 500 | ▼ Inverse | −0.28 | INDEX | Bearish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Coincident Index (Japan) was reported at 117.90 in June 2026. This beat the market consensus of 116.20 by 1.70. The reading rose from the previous value of 116.80. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 115.56, ranging from 112.80 to 117.90 across 23 releases.
WHY IT MATTERS
The trailing three releases averaged 116.93, down from the prior three at 117.53. Volatility over the past year (σ 1.44) is higher than the prior year (σ 1.18). In June readings over the past 3 years, Coincident Index has averaged 112.85.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with Hang Seng, negatively correlated (Bearish Hang Seng). Over the last 12 releases, the Sigmacast model's median absolute error is 0.87.
WHAT TO WATCH NEXT
The next release is scheduled for July 7, 2026. 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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Coincident Index - JP
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About Coincident Index — Japan
DEFINITION
The Coincident Index is a widely recognized financial indicator that measures the current state of the economy by analyzing key factors such as employment, industrial production, and personal income. It provides valuable insight into the overall health and direction of the economy, making it a valuable tool for investors and policymakers alike. With its ability to accurately reflect the current economic climate, the Coincident Index is an essential tool for making informed financial decisions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2014): actual 109.9, consensus 110.2.
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.