The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, was at 97.7 in March 2023, compared with the flash figure of 97.5 and after a final 98.2 in the previous month, which was the highest level in four months. The decline highlighted a fragile recovery in the Japanese economy amid mounting worries over a potential global recession following a tightening policy by major central banks and its impact on the Japanese economy.
