Japan Jan coincident index down 0.5 point - govt

TOKYO (Reuters) - Japan's coincident indicator index fell 0.5 point in January from the previous month, the government said on Tuesday, as the fast-spreading Omicron variant derailed an economic recovery from the COVID-19 pandemic.

The index, which comprises a variety of data such as factory output, employment and retail sales, dropped to 94.3 in January, the Cabinet Office said.

The index of leading economic indicators, a gauge of the economy a few months ahead, compiled from data such as job offers and consumer sentiment, fell 1.0 point to 103.7.

(Reporting by Kentaro Sugiyama; Writing by Kantaro Komiya; Editing by Chang-Ran Kim)

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