March 16, 2023 05:21 GMT
MNI BRIEF: BOJ's Feb Real Export Index Rises 1.5% M/M
(MNI) Tokyo
(MNI) TOKYO
The Bank of Japan's real export index, calculated using Ministry of Finance trade data, rose 1.5% m/m in February for the first rise in three months following a revised -2.8% decline in January.
The figures were calculated by MNI based on BOJ data and confirmed by bank officials. The BOJ will release details of the index on Wednesday.
The average of the real export index for January-February fell 5.0% from the average of the October-December quarter. The BOJ lowered its assessment on exports last week as exports and production are being weighed down by slowing overseas economies.
The BOJ said that exports and industrial production have been more or less flat. The previous view was that they have increased as a trend.
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