MNI BRIEF: BOJ's Oct Real Export Index Rises 1.3%
The Bank of Japan's real export index, calculated using Ministry of Finance trade data, rose 1.3% m/m in October for the second straight rise following a revised 1.6% advance in September.
The figures were calculated by MNI based on BOJ data and confirmed by bank officials. The BOJ will release details of the index on Tuesday.
Bank officials expect exports and production to slow in the fourth quarter on the back of slowing overseas demand. But they expect the two economic components to remain firm, supported by the waning of supply-side constrains and high levels of order backlogs for automobiles and capital goods.