Japan leading index reaches highest level since March 2014

The preliminary data from the Cabinet Office showed Monday that Japan’s leading index, a gauge for the economy’s performance months ahead, increased to 106.3 in June from 104.7 in May. That was the highest reading since March 2014 and slightly above economists forecast of 106.2.

Meanwhile, the coincident economic index for Japan, which reflects current economic conditions, rose to 117.2 from 115.8.