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Japan composite index dips from highest level since 2014 in April

Japan's leading composite index, which anticipates changes in the direction of the economy, dropped to 104.5 in April, according to preliminary data from the Cabinet Office of Japan on June 7.

The revised figure for March was up 0.2 percentage points from the preliminary estimate to 105.7, the highest level since March 2014.

The April flash coincident indicator, which represents the current state of the economy, hit a 110-month high with a 117.7 reading, up from the final 114.4 figure in the previous month. The lagging composite index, which is used to confirm turning points and business cycle phases, slipped to 116.2 in the month from 116.7 in the previous month.