-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLICY:Japan Q1 Real Export Index In Line With BOJ Outlook
Japan's real export index rose in Q1, underlining the Bank of Japan's view that that exports have picked up and are likely to continue increasing for a wider range of goods.
Officials at the central bank were upbeat on the better data in recent months but there is some concern that overseas sales could stall in coming months due to supply-side restrictions caused by the global shortage of semiconductors.
Boosted by the pick-up in global trade, the real export index rose 1.9% q/q in Q1, marking a third straight quarterly gain after rising 10.4% in Q4, data released by the BOJ Monday showed.
The March real export index rose 3.1% m/m after a 3.3% decline in February, helped by strong demand for automobiles, chip-making equipment, and capital goods.
Data released Monday showed exports rose 16.1% y/y, the biggest rise since November 2017, and imports rose 5.7% y/y for a second straight rise.
Japan posted a surplus of JPY663.7 billion, up 8,756.6% from a year earlier.
CHINA SALES RISE
March exports of automobiles rose for a first time in five months, up 11.2% following a 12.9% decline in February. Exports of chip-making equipment rose 18.1% in March, accelerating from +11.7% in February.
Exports of machinery for capital investment overseas rose 18.1% y/y in March, reversing from -1.4% in February, indicating demand for capital investment overseas remained firm.
Exports to China, Japan's largest trading partner, surged 37.2% y/y in March for the ninth straight rise, accelerating from +3.4% in February, thanks to strong demand for chip-making equipment, cars and capital goods.
Exports of machinery to China rose 31.1% y/y in March and exports of chip-making equipment rose 33.8% in March and exports of automobiles rose 35.7% in March. Exports to the U.S. rose 4.9% in March for the first rise in five months following a 14.0% fall in February. Exports of automobiles to the U.S. rose 8.3% and exports of construction machines rose 25.6% in March.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.