Japan OECD Composite Leading Indicator

Name: Japan OECD Composite Leading Indicator
Creator: OECD – Composite Leading Indicators (Main Economic Indicators)
License: https://creativecommons.org/licenses/by/4.0/

Monthly composite leading indicator (CLI) for Japan computed by the OECD to anticipate turning points in economic activity six to nine months ahead, in amplitude-adjusted, normalised and trend-restored forms, with OECD composite business and consumer confidence, the normalised components (production tendency, export orders, price expectations, consumer confidence, orders, consumer prices, share prices, car registrations) and the GDP reference series expressed as ratio to trend.

Source: OECD – Composite Leading Indicators (Main Economic Indicators)Last updated: Sep 22, 2026, 13:34Curated by Bui Thanh PhucAbout this data ↓

Indicator	08-2026	07-2026	06-2026	05-2026	04-2026	03-2026	02-2026	01-2026	12-2025	11-2025	10-2025	09-2025	08-2025	07-2025	06-2025	05-2025	04-2025	03-2025	02-2025	01-2025	12-2024	11-2024	10-2024	09-2024	08-2024	07-2024	06-2024	05-2024	04-2024	03-2024	02-2024	01-2024	12-2023	11-2023	10-2023	09-2023	08-2023
Composite leading indicator4
CLI, amplitude adjusted	100.3	100.29	100.27	100.22	100.18	100.13	100.09	100.04	99.98	99.92	99.84	99.75	99.64	99.54	99.46	99.41	99.39	99.41	99.45	99.49	99.54	99.59	99.64	99.7	99.76	99.83	99.87	99.88	99.87	99.84	99.81	99.78	99.78	99.8	99.82	99.84	99.85
CLI, normalised	100.29	100.28	100.25	100.21	100.17	100.13	100.09	100.04	99.98	99.92	99.85	99.76	99.66	99.57	99.49	99.44	99.42	99.44	99.48	99.52	99.57	99.61	99.66	99.72	99.78	99.83	99.88	99.89	99.88	99.85	99.82	99.79	99.79	99.81	99.83	99.85	99.86
CLI, trend restored				106.22	106.1	105.99	105.88	105.76	105.63	105.5	105.35	105.19	105.01	104.84	104.69	104.56	104.48	104.44	104.41	104.4	104.38	104.37	104.36	104.36	104.36	104.36	104.34	104.3	104.22	104.13	104.04	103.95	103.88	103.84	103.81	103.77	103.72
CLI, trend restored, annual growth				1.58	1.56	1.49	1.41	1.31	1.2	1.09	0.95	0.79	0.62	0.46	0.33	0.26	0.25	0.29	0.36	0.43	0.48	0.5	0.53	0.56	0.61	0.66	0.7	0.7	0.68	0.64	0.58	0.53	0.49	0.46	0.42	0.37	0.31
Composite confidence indicators2
Composite business confidence			101.36	101.31	101.27	101.24	101.21	101.18	101.14	101.07	100.99	100.93	100.9	100.89	100.89	100.89	100.9	100.91	100.93	100.94	100.93	100.89	100.84	100.79	100.76	100.76	100.79	100.84	100.89	100.92	100.9	100.84	100.75	100.65	100.55	100.47	100.42
Composite consumer confidence	98.42	98.19	97.97	97.83	97.87	98.25	98.82	98.99	98.94	98.81	98.6	98.42	98.25	98.11	97.99	97.81	97.71	97.86	98.06	98.25	98.42	98.55	98.65	98.75	98.8	98.84	98.88	98.99	99.17	99.26	99.19	99	98.78	98.61	98.53	98.54	98.66
CLI components (normalised)1
Share prices	100.98	100.98	100.95	100.9	100.84	100.77	100.67	100.53	100.36	100.17	99.97	99.76	99.56	99.37	99.23	99.15	99.14	99.21	99.31	99.44	99.56	99.68	99.81	99.95	100.12	100.29	100.42	100.5	100.51	100.44	100.32	100.17	100.02	99.91	99.84	99.79	99.73
Reference series (GDP)2
GDP, ratio to trend				100.25	100.22	100.17	100.12	100.06	100.01	99.97	99.95	99.98	100.04	100.13	100.24	100.33	100.4	100.43	100.42	100.38	100.3	100.2	100.09	99.97	99.84	99.72	99.61	99.54	99.51	99.52	99.55	99.6	99.64	99.7	99.76	99.86	100.01
GDP, normalised				100.25	100.22	100.18	100.13	100.07	100.02	99.99	99.98	100	100.05	100.14	100.23	100.32	100.38	100.41	100.4	100.36	100.29	100.2	100.1	99.99	99.87	99.76	99.67	99.6	99.58	99.58	99.61	99.65	99.7	99.75	99.81	99.89	100.03

Latest reading

CLI, amplitude adjusted stood at 100.3 in Aug 2026. That is unchanged from Jul 2026 and +0.7% from a year earlier. The series on this page is monthly and runs from Jan 1959 to Aug 2026. Source: OECD – Composite Leading Indicators (Main Economic Indicators).

Latest: 100.3; Aug 2026
vs previous period: 0.0%; Jul 2026
vs a year earlier: +0.7%