Japan’s key economic gauge upwardly revised for Dec.
TOKYO, Feb. 17 (Xinhua) -- Japan's key economic gauge was moderately upgraded for December on the back of a recovery in the manufacturing sector and embryonic signs the nation's employment situation was less severe than previous readings had indicated, the government said in a report on Thursday.Japan's coincident composite index (CI), which reflects current business conditions, increased a revised 1.1 points to 103.5 against the base of 100 in 2005, in Dec., higher than the government's previous forecast for a 103.1 rise.
The leading composite index, which measures the state of the economy three months ahead stood at final 101.4 in December, up from November's reading of 100.6. and marking a second-straight month of increase.
Meanwhile, the lagging CI, which reflects economic conditions three months ago stood at a revised 88.6 in December, compared with 87.8 in November, marking the first rise in two months, the Cabinet office said.
The Cabinet Office repeated its assessment, based on the December's coincident CI, saying that the index "shows Japan's economy is pausing".
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