Japan's coincident index up in April

After a large fall in March, Japan's index of coincident economic indicators rose in April. Reuters reports:

Japan's index of coincident economic indicators rose a preliminary 0.3 points in April from March, the Cabinet Office said on Tuesday, rebounding from a record drop the previous month in a sign the impact of the March earthquake and tsunami could be starting to fade.

But the Japanese economy may not be out of the woods.

The index of leading economic indicators, compiled using data such as the number of job offers and consumer sentiment and a gauge of the economy a few months ahead, fell 3.7 points from March.