JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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From: Julius Wong	3/9/2005 7:39:50 AM
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Japan's Jan. Leading Index Rises; Signals Recovery March 9 (Bloomberg) -- Japan's index of leading economic indicators was above 50 percent for the first time in five months in January, signaling that the nation's economy, the world's second-largest, is emerging from recession. The index, which measures indicators such as job offers and consumer confidence, rose to 55 percent from a revised 41.7 percent in December, the Cabinet Office said in Tokyo today. A number above 50 points to an expansion in three to six months. Today's report adds to evidence that Japan's economy is recovering from its fourth recession in 13 years. Industrial production in January had its biggest gain in nine months, and the economy created the most jobs since 1992. bloomberg.com

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