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MNI BRIEF: BOJ's May Real Export Index Rises 3.0% M/M

TOKYO (MNI)

The Bank of Japan’s real export index calculated based on the Ministry of Finance trade data rose 3.0% m/m in May for the first rise in two months following a 6.0% drop in April.

The figures were calculated by MNI based on BOJ data and confirmed. The full May real export index data is due on Tuesday.

Japan's exports rose 15.8% y/y in May for the 15th straight rise, but slowing from +12.5% in April, and imports rose 48.9% y/y for the 16th straight gain following +28.3% in April, data released on Thursday by the Ministry of Finance showed. Japan posted an overall trade deficit of JPY2.385 trillion for the biggest deficit in more than eight years and the 10th straight deficit following a deficit of JPY842.8 billion in April.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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