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In an upward revision, Japan’s leading economic index for July 2025 was adjusted to 106.1, higher than the preliminary estimate of 105.9 and the finalized figure of 105.0 recorded in June. This represents the peak level since March, buoyed by favorable labor market conditions indicated by a decline in the unemployment rate to 2.3%—the lowest point since December 2019. Additionally, household spending saw a rise to 1.4% in July from 1.3% in June, marking a steady three-month increase in personal expenditure. However, consumer confidence somewhat diminished in July, following a four-month high observed in June.
