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MNI (Tokyo)

The Bank of Japan’s real export index calculated based on the Ministry of Finance trade data fell 0.9% q/q in the fourth quarter for the second straight quarterly drop, data on Thursday showed.

The real export index for December fell 1.2% m/m for the first drop in two months.

Exports of automobiles rebounded from November but not enough to cover the big drop in the third quarter. BOJ officials expect auto exports to recover at a modest pace as supply-side restrictions gradually ease.

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