Japan Leading Index Falls To Zero

Japan's broadest indicator of what the outlook for the economy may be fell to the lowest level in a decade today, signaling growth may be in the process of grinding to a halt. The leading index was zero percent in September, according to the Cabinet Office in Tokyo today. A reading of below 50 is normally considered to indicate that the economy may slow in the coming three to six months. Since the Japanese economy already was at stall speed in Q2 2007 this is not good news.




I will leave this as a brief note at this point, since Claus really said it all in his very extensive post yesterday.