Japan's coincident composite index, whose 11 indicators include retail sales and employment...


Japan's coincident composite index, whose 11 indicators include retail sales and employment data, drops for the seventh consecutive month, declining 0.9 point M/M to 90.6 in October. The fall prompts the government to downgrade its assessment of the data to "worsening," basically recognizing that the recession has probably started. However, the index of leading indicators, which points to the future, rose 0.9 point.

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