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Japan leading composite index slides to 20-month low in July

Japan's leading composite index, which anticipates changes in the economy's direction, declined for the second straight month in July to 103.5, its lowest level since November 2016, preliminary data from the Cabinet Office showed Sept. 7.

The reading slipped further after dropping to a revised 104.6 in June.

The coincident index, which indicates the country's current economic state, slid for the third consecutive month to 116.3 in July, from 116.9 in the prior month. The index was assessed as "improving."

The lagging composite index, which is a measure of turning points and business cycle phases, inched down to 117.7, from 117.9 in June.