MNI BRIEF: BOJ Aug Real Export Index Rises 1.3% M/M
MNI (TOKYO) - The Bank of Japan's real export index, calculated using Ministry of Finance trade data, rose 1.3% m/m in in August for the third straight rise following a revised 1.3% increase in July, data released by the BOJ showed on Wednesday.
The figures were calculated by MNI based on BOJ data and confirmed by bank officials. The BOJ will release details of the index on Tuesday.
Bank officials are focused on how August's real export index to the U.S. is recovering from July's 5.3% fall as they focus on the evolving U.S. economy.
The average index for the July-August period rose 2.4% q/q from the previous quarter. Bank officials are examining export development and the outlook through the real export index. (See MNI BOJ WATCH: Board To Hold, Examine Economy, Price Risks)