Japan coincident indicator index +0.9 point in July

TOKYO, Sept 10 (Reuters) - Japan's index of coincident economic indicators rose 0.9 point to a preliminary 103.3 in July from 102.4 in June, the government said on Wednesday.

The index of leading economic indicators, compiled using data such as the number of new job offers and consumer sentiment, rose 0.6 point to a preliminary 91.6 in July from 91.0 in June.

The Cabinet Office maintained its assessment on the coincident index, saying that it suggested Japan's economy was worsening. The phrase is defined as a provisional judgment that the economy is likely to be in a recession.

The assessment is decided automatically by moves of the coincident index over the past few months.

The Japanese government defines a recession as the period between the peak and trough of the economic cycle, rather than the often used definition of two straight quarters of economic contraction.

The government switched to a new data series, based on composite rather than diffusion indexes, from the April figures published in June.

Composite indexes are aimed at capturing the momentum of the economy by aggregating the percentage change in a selected series of data, while diffusion indexes aggregate only the direction of change.





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