Japan’s key gauge of the economy stayed above the boom-or-bust line of 50 percent for the fifth month in a row in June, thanks to continued robustness in output-related indicators, the government said Monday in a preliminary report.
According to the Cabinet Office, the coincident index stood at 77.8 percent in the reporting month, compared with 100 percent in May. A reading above 50 percent is considered a sign of economic expansion, while a reading below that signals contraction.
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