Japan’s broadest indicator of the outlook for growth signaled for the first time in eight months that the economy would expand. The leading index climbed to 80 percent in June, the Cabinet Office said, the first time it has been at or over 50 since October. A reading of 50 or more indicates the economy may expand in three to six months. The index is derived from as many as 12 monthly indicators. “The economy will probably accelerate in coming months as a pickup in U.S. exports brings a positive impact on the economy over all,” said Takeshi Minami, chief economist at the Norinchukin Research Institute in Tokyo. “As foreign demand remains robust, we can expect sustainable growth.”.
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