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MNI BRIEF: Japan's Nov Real Export Index Drops 0.04% M/M

(MNI) Tokyo

The Bank of Japan's real export index, calculated using Ministry of Finance trade data, fell 0.04% m/m in November for the first drop in three months following a revised rise of 1.4% in October.

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. Average real export index for the October-November period rose 2.2% from the previous quarter.

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.

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

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