RPT-Japan Sept exports rise 11.5 pct year/year - MOF

Sun Oct 20, 2013 7:58pm EDT

Related Topics

TOKYO, Oct 21 (Reuters) - Japanese exports rose 11.5 percent
in September from a year earlier, Ministry of Finance data
showed on Monday, reflecting the effects of a weaker yen and a
pick-up in global demand.
    The rise in exports compared with expectations of a 15.6
percent increase according to a Reuters poll of economists.
    Imports rose 16.5 percent in September from a year earlier, 
versus a 20.0 percent increase expected, partly as a weaker yen
inflated the cost of importing fossil fuels.
    Higher import costs resulted in a trade deficit of 932.1
billion yen ($9.5 billion) compared with the median estimate for
a 920 billion yen deficit. It was a record 15th straight month
of deficits.
    On a seasonally adjusted basis, Japan's exports fell 0.3
percent in September from the previous month.
FILED UNDER: