Leading and coincident indexes of business conditions

Points to note (from the publishers' descriptions)

• The Cabinet Office explains that "the leading index generally leads the coincident index by several months" (Cabinet Office, Guide to the Indexes of Business Conditions; translated by FirstRelease Japan). （Source）
• The same guide states that "generally, when the CI coincident index is rising the economy is in an expansion phase, and when it is falling it is in a contraction phase" (translated by FirstRelease Japan). （Source）
• This page compares year-on-year changes rather than levels, and also shows their difference (both calculated by FirstRelease Japan; the difference is not a Cabinet Office definition). The published values themselves are on each indicator's page.

Series shown and sources

• Composite Index of Business Conditions: Leading Index Leading・Source: Cabinet Office, "Indexes of Business Conditions"（Terms of use）
• Composite Index of Business Conditions: Coincident Index Coincident・Source: Cabinet Office, "Indexes of Business Conditions"（Terms of use）

Processing：Year-on-year changes are calculated by FirstRelease Japan from each seasonally adjusted series. The gap is the difference between the year-on-year changes of two series from the same published file, calculated by FirstRelease Japan. It is not a publisher's definition

Stock prices and stock indices are not shown.