Japan's main economic activity index rose more than expected in October, according to data from the Japanese government office.

According to Japanese media, government data showed that the index measuring future economic activity rose to 109.1 points in October, while the initial reading was 108.6 points compared to 108.9 points in September.

While the economic synchronization index, which measures the current state of economic activity, fell to 116.8 points in October, compared to 114 points in the previous month, while the initial reading was 116.5 points.

The Japanese government expects the economy to grow 1.2 percent in fiscal 2025, which begins next April, and it expects personal consumption, which accounts for half of GDP, to grow 1.3 percent, up 0.1 percentage point from its previous forecast. The Japanese government maintained its forecast that personal consumption will be strong due to stable inflation and the effects of its economic stimulus package.