Group 1: High-Frequency Data Utilization - High-frequency tracking allows for timely monitoring of economic conditions and more accurate expectations management[11] - OECD categorizes macro data into Hard Data, Soft Data, and Financial Data, with a focus on weekly Hard Data for analysis[13] - High-frequency data can provide forward-looking guidance on economic trends, compensating for the lag in macro data releases[17] Group 2: Economic Indicators and Trends - The report highlights that PMI data is released with a 5-day lag, while economic data is typically delayed by 2.5 weeks, impacting timely decision-making[17] - The correlation between real GDP growth and real estate investment has weakened, indicating a shift in economic drivers[30] - Despite interest rate cuts, credit demand remains weak, with both household and corporate credit impulses showing low recovery rates[32] Group 3: Inventory and Production Cycles - The report notes that inventory cycle patterns have been disrupted by capacity cycles, leading to irregular inventory management[35] - The analysis of production signals indicates fluctuations in power generation and value-added output, complicating economic assessments[69] Group 4: Leading Indicators and Economic Forecasts - Leading indicators suggest nominal growth may peak in Q3 2025, with expectations for various sectors such as exports and infrastructure investment to stabilize[40] - The report emphasizes the importance of establishing a framework for leading indicators to better predict economic performance[25]

日本5月领先指标终值 104.8，前值105.3。 ...

日本5月领先指标初值 105.3，预期 105.2，前值 104.2。 ...

Core Viewpoint - Japan's leading indicator for April has been finalized at 104.2, an increase from the previous value of 103.4 [1] Group 1 - The leading indicator reflects economic expectations and trends in Japan [1] - The increase from 103.4 to 104.2 indicates a positive shift in economic sentiment [1]

Group 1 - The preliminary leading indicator for Japan in April is reported at 103.4, which is below the expected value of 103.9 and significantly lower than the previous value of 108.1 [1]

Group 1 - The final value of Japan's leading indicator for March is 108.1, which is an increase from the preliminary value of 107.7 [1]

Group 1 - The final value of Japan's leading indicator for March is 108.1, revised from the initial value of 107.7 [1]

Group 1 - The leading indicator for Japan in March is reported at 107.7, which is above the expected value of 107.5 but below the previous value of 107.9 [1]

Group 1 - The final leading indicator for Japan in February is reported at 107.9, unchanged from the previous value of 107.9 [1]