A leading indicator of the Japanese economy increased for the fourth successive month in December, and exceeded economists forecast, latest data revealed Friday.
The leading economic index increased to 112.1 in December from 111 in November, marking the fourth consecutive rise, the Cabinet Office said. Economists were looking for a reading of 111.9.
The agency noted that the coincident index, a measure of the current economic situation, moved up to 111.7 in December from 110.7 a month earlier.
At the same time, the lagging index, which gauges the past performance of the Japanese economy, advanced to 115.1 from 114.1 in November.
Japan's Nikkei 225 rose 0.59 percent in early trade as automakers and most financials notched gains. Across the Korean Strait, the Kospi edged up 0.07 percent to break a four-day losing streak.
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