---
source: Cabinet Office, Government of Japan
url: https://www.esri.cao.go.jp/en/stat/di/di-e.html
document_type: xlsx
date_retrieved: 2026-03-25
period: January 2026
parent_publication: Indexes of Business Conditions
indicators_covered: [Coincident Index, Leading Economic Index]
---

# Indexes of Business Conditions, January 2026 (Revised Release)

**Release Date:** March 25, 2026
**Source:** Cabinet Office (CAO), Japan
**Assessment of Coincident Index:** "Halting to fall"

## Composite Indexes (2020 = 100)

| Period | Leading Index | Coincident Index |
| :--- | :--- | :--- |
| **Jan 2026 (Revised)** | **112.1** | **117.9** |
| Dec 2025 | 110.4 | 114.5 |
| Nov 2025 | 109.6 | 114.9 |
| Oct 2025 | 109.1 | 115.6 |
| Sep 2025 | 108.0 | 114.9 |
| Aug 2025 | 106.9 | 113.7 |
| Jul 2025 | 106.0 | 114.9 |

## Summary of Data
- **Coincident Index:** Correlates with the business cycle and identifies the current state of the economy. The index increased to 117.9 in January 2026 from 114.5 in the previous month.
- **Leading Economic Index:** Anticipates changes in the direction of the Japanese economy. The index increased to 112.1 in January 2026 from 110.4 in the previous month.
- **Lagging Index:** January 2026 data is available in the full dataset.

## Methodology
The Indexes of Business Conditions (Diffusion Indexes and Composite Indexes) are calculated based on month-over-month percentage changes in leading, coincident, and lagging indicators. The base year is 2020 (2020=100).