MNI BRIEF: BOJ Nov Real Export Index To Rise 6.6% M/M
Dec-17 05:19By: Hiroshi Inoue
Bank of Japan+ 1
The Bank of Japan’s real export index calculated using Ministry of Finance trade data rose 6.6% m/m in November for the first rise in two months following a 3.7% decline in October, data released by the BOJ showed on Wednesday.
The figures were calculated by MNI based on BOJ data and confirmed by bank officials. The BOJ will release details of the index on Monday.
The average of the index for the October-November period rose 1.4% from the previous quarter for the first rise in three quarters following -1.4% for the third quarter.
The data indicated that the impact of the trade policy on Japanese exports, particularly the automobile industry, was limited as Japanese makers absorbed the tariffs by lowering export prices.
