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Japan's Coincident Economic Index Improves in Jan.

Japan's Coincident Economic Index Improves in Jan.

   Tokyo, March 10 (Jiji Press)--Japan's composite index of coincident economic indicators for January rose 0.1 point from the previous month, aided by strong shipments of automobiles and auto parts, the Cabinet Office said Monday.
   The index for the current state of the economy stood at 116.2 against 100 for the base year of 2020, the government agency said in a preliminary report.
   The Cabinet Office kept unchanged its view that the index is "halting to fall."
   Robust auto-related shipments led to increases in shipments of durable consumer goods and retail sales.
   Meanwhile, semiconductor production and shipments fell. Exports to Europe, the United States and other parts of Asia declined after rising in the previous month.

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AFP-JIJI PRESS NEWS JOURNAL


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