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Japan · Cycle layer · Indicator

OECD composite leading indicator

Fetched 2 Nov 2026, 06:01 UTC
100.3 index
Watch 0.3 above the 100.0 trigger · rising
As of Sep 2026 · Threshold < 100 and falling
Recession, Dec 1961 to Oct 1962Recession, Oct 1964 to Oct 1965Recession, Jul 1970 to Dec 1971Recession, Nov 1973 to Mar 1975Recession, Jan 1977 to Oct 1977Recession, Feb 1980 to Feb 1983Recession, Jun 1985 to Nov 1986Recession, Feb 1991 to Oct 1993Recession, May 1997 to Jan 1999Recession, Nov 2000 to Jan 2002Recession, Feb 2008 to Mar 2009Recession, Mar 2012 to Nov 2012Recession, Oct 2018 to May 2020949698100102104106Threshold < 100 and fallingTrigger < 100 and falling1960197019801990200020102020
1959 to 2026 · index. Shaded bands are recessions.* *Japan's bands are the Cabinet Office reference dates from the peak month.
What it is

The OECD's amplitude-adjusted leading indicator for Japan, read the same way as the US series: 100 is trend growth, and below 100 and falling the gap to trend is widening.

Threshold source: OECD: 100 is the long-term trend. How thresholds are chosen

Known weaknesses

Revised for several months after first publication.