Japanese June Leading Index Revised Up

(RTTNews) - Japan's leading index for June was revised up to 99 from 98.9, final data issued by the Cabinet Office showed Wednesday. After falling for two consecutive months, the leading index improved in June. The reading in May was 98.6.

The coincident index rose slightly to 101.3 in June from 101.2 in May. The cabinet office confirmed the preliminary estimate for June. At the same time, the lagging index came in at 83.5, revised up from 83.4. The latest figure matched the reading in May.

Data released earlier this week showed that the Japanese economy expanded only 0.1% in the second quarter, following the revised 1.1% increase in the first quarter. On an annualized basis, Japan's GDP was up 0.4%.