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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Leading Composite Index fell to 106.2 in May 2015
FMPMonthlyReleased July 2015
Japan Leading Composite Index fell to 106.2 in May 2015, released July 2015, down 0.2 from April's 106.4 reading. The reading matched the 106.2 consensus. Year-over-year, the indicator is up 1.4. Over the past 3 months, Leading Composite Index averaged 106.26, vs 105.25 in the prior 3-month window. The reading is in the 42nd percentile of the trailing 24-month range.
Latest Release
106.2
Actual
106.2
Consensus
106.4
Previous
Median Absolute Error
±0.54
across last 12 releases
Last Call
Jul 2015
Predicted: 106.15
Actual: 106.2
Error: -0.05
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 | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Leading Composite Index (Japan) was reported at 106.50 in August 2015. The reading rose from the previous value of 106.00. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 106.63, up from the prior three at 106.60.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY). Over the last 12 releases, the Sigmacast model's median absolute error is 0.54.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Housing Starts YoY (May 28) and Unemployment Rate (May 28).
Auto-generated from current model state · Refreshes on each release · Last update August 2015.
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Leading Composite Index - JP
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About Leading Composite Index — Japan
DEFINITION
The Leading Composite Index is a financial indicator that combines multiple economic indicators to provide a comprehensive view of the current and future state of the economy. It is designed to anticipate changes in economic trends and is often used as a predictive tool for investors and policymakers. By analyzing a variety of factors such as consumer spending, business activity, and employment data, the Leading Composite Index offers valuable insights into the direction of the economy, making it a crucial tool for decision-making in the financial world.
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 (Jun 2015): actual 106.5. Prior reading (Jun 2015): 107.2. Before that (May 2015): 106.2.
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. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.