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Japanese economy   The composite index

Japan's state economy index increased to highest in two years

Japan economy indexJapan's key gauge of the current state of the economy increased in November last year to its highest level in more than two years.

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The composite index of coincident economic indicators, Japan's broadest indicator of economic health, grew 1.6 points in November from a month earlier to stand at 115.1 against the 2010 base of 100, the highest since March 2014, the Cabinet Office said in a preliminary report.

Japan's industrial output edged up 1.5 percent in November 2016 from a month earlier, as weak yen helped boost the country's export and in turn promote production in companies, said the government.

Since the U.S. presidential election on Nov. 8, the yen has depreciated over 10 percent versus the U.S. dollar.

The index of leading indicators, an economic indicator which predicts conditions over the next several months and consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators, rose 1.9 points in November from the previous month to 102.7, the report showed.

The Cabinet Office also reported the index of lagging indicators, which reflects conditions in the recent past, fell 0.3 point in November from a month earlier to stand at a preliminary 112.9.

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