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, declined to 97.2 in December 2022 after an upwardly revised final figure of 97.7 in November, the preliminary reading showed. It was the lowest result since December 2020, amid mounting worries over a potential global recession following a tightening campaign by major central banks and its impact on the Japanese economy.
