Japan May coincident indicator index up 0.9 point
Published: 05 Jul 2009 21:06:23 PSTTOKYO, July 6 - Japan's index of coincident economic indicators rose 0.9 point in May to a preliminary 86.9, government data showed on Monday, as Japan starts to recover from recession.
The index of leading economic indicators, compiled using data such as the number of new job offers and consumer sentiment, rose 0.8 point from April to 77.0.
The Cabinet Office said the economy was worsening but there were signs of it bottoming out.
Japan's gross domestic product likely expanded a modest 0.4 percent in April-June, according to a Reuters poll, as companies slowly increase output and government stimulus filters through the economy following a record contraction in the previous quarter.
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