Recession Indicator

July: The Recession Indicator was 82.7%

- Exceeding the warning level due to the stock pile-up resulting from the dismal foreign demands.

Yutaro SHIMAMURA
  Economist

2023/09/08

  The Recession Indicator for Japan in July 2023, compiled by the Japan Center for Economic Research (JCER), was 82.7% (retroactively revised basis, Figure 1). In July, Index of Producer's Invent

>Read more
2023/09/08

July: The Recession Indicator was 82.7%

- Exceeding the warning level due to the stock pile-up resulting from the dismal foreign demands.

Yutaro SHIMAMURA

2023/08/08

June: The Recession Indicator was 44.5%

- The probability almost stayed at the previous month's level.

Yutaro SHIMAMURA

2023/07/10

May: The Recession Indicator fell to 37.1% further

- New housing construction and stock prices contributed to the improvement

Takashi MIYAZAKI

2023/06/09

April: The Recession Indicator fell to 46.5%

- A wide range of underlying statistics improve, the probability is below the warning level

Takashi MIYAZAKI

2023/05/11

March: The Recession Indicator marks 85.7%

- The probability is above the warning level again

Takashi MIYAZAKI

2023/04/10

February: The Recession Indicator falls to 63.9%

- The probability is below the warning level for a recession

Takashi MIYAZAKI

2023/03/09

January: The Recession Indicator marks 94.0%

- The Leading Index is at its lowest level in about two years

Takashi MIYAZAKI