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Economy in Brief

Economy Watchers Index Rebounds
by Robert Brusca March 10, 2008

Japan’s economy watcher’s index made a long awaited bounce in February. The future conditions index rebounded most sharply. The current conditions and current employment indices each made soft rebounds as well. The future index is now ‘only in the bottom 17th percentile of its five year range instead of at the bottom. The overall economy watchers index is only up to the bottom 7.1% of its range from the bottom. Typically when the future index has been weak and makes a significant rebound that rebound is meaningful. The rise in the various economy watcher indices this month is encouraging.

Japan Economy Watchers Surveys
  Raw readings of each survey Percent of 5Yr range*
  Feb-08 Jan-08 Dec-07 Nov-07 Feb-08 Jan-08 Dec-07
Diffusion
Economy Watchers 33.6 31.8 36.6 38.8 7.1% 0.0% 5.0%
Employment 35.0 34.1 37.5 41.9 2.8% 0.0% 0.0%
Future 39.5 35.8 37.0 38.8 17.8% 0.0% 1.5%
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