New statistics suggest that the Japanese economy may soon begin creeping out of its lengthy recession.

The government’s coincident index, which combines a number of barometers to give an impression of present performance, rose from 40.0 in February to 56.3 in March, in the process crossing the 50.0 threshold between contraction and expansion.

In addition, the leading index, a barometer of trends in the next three to six months, jumped from 54.5 to 80.0 in the same period.

Recent optimism concerning Japan’s economic prospects has been fuelled by two consecutive months of rising output, an increase in consumer spending and falling deflation.

Data sourced from: BBC Online Business News (UK); additional content by WARC staff