TOKYO, Sept. 28 (Xinhua) — The Japanese authorities on Wednesday revised down its composite index of coincident financial indicators for July.
According to the Cabinet Office, the revised coincident index of enterprise situations for July stood at 100.1 towards the 2015 base of 100, down from 100.6 within the preliminary report launched on Sept. 7.
The index, which displays the present state of the Japanese economic system, gained 0.9 factors from the earlier month, in contrast with the preliminary studying of a rise of 1.4 factors.
An increase within the coincident index signifies an growth of financial exercise and a decline signifies a contraction.
Looking forward, the ultimate July main financial index, a gauge of the economic system a number of months forward, was down 1.4 factors at 98.9. In the preliminary report, the index fell 0.7 factors to 99.6.