boj speech, 2023-10-12
It seems that the surge in net exports was brought about by (1) a recovery in production and exports of automobiles on the back of abating of supply-side constraints, (2) an expansion in inbound tourism demand reflecting the easing of COVID-19 border controls as well as the yen's depreciation, (3) a shift from imported goods to domestic goods due to the yen's depreciation, and (4) robustness in overseas economies.
Sentiment: neutral
Topic: mp_economic_activity