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Marginally Lower In Asia

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(H2) Bullish price Structure

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Moderna CEO Weighs On Risk

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(Z1) Northbound

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The real export index calculated by the Bank of Japan in the third quarter posted the first q/q drop since the second quarter 2020, weighed down by supply chain disruptions.

Bank officials expect the real export index in October to be under more downward pressure but maintain the view that weak exports are temporary, although the supply restrictions are prolonged.

The real export index fell 2.8% q/q in the third quarter, from +3.4% in the second quarter. The September real export index fell 6.5% m/m for the second straight drop following -3.7% in August. The figures were calculated by MNI based on BOJ data and confirmed. The full September real export index data is due on Oct. 25.