Free Trial

MNI BRIEF: BOJ Q3 Real Export Index -2.8%; October Seen Weaker

TOKYO (MNI)

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.

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.