It is leading economic indicator that consist of 12 indexes such as machinery orders, inventory ratio, stock prices, new job postings, consumer attitude and other leading economic indicators. The leading economic index Japan is designed to predict the future direction of Japanese economy.
The data of leading economics index Japan is released on monthly basis usually at 5:00 GMT by Economic and Social Research Institute Japan. A reading higher than previous is taken as positive/bullish for JPY while lower than previous is taken as worse and negative for JPY traders.