Free Trial

MNI BRIEF: May Real Export Index Drops 3.5% M/M - BOJ

(MNI) TOKYO

The Bank of Japan's real export index, calculated using Ministry of Finance trade data, fell 3.5% m/m in May for the first drop in four months following an unrevised 2.7% gain in April, data released Thursday showed .

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.

The average index for April-May rose 1.5% over the average index for Q1.

The BOJ in March lowered its assessment on exports and production following weak data caused by the slowing global economy. The Bank noted exports and industrial production had been mostly flat.

BOJ officials expect the slowing global economy to weigh on exports and production, but they do not expect a sharp fall as supply-side restrictions ease and capital investment-linked to R&D remains solid.

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.