Japan Sept exports rise 11.5 pct year/year - MOF 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, Japans exports fell 0.3 percent in September from the previous month.($1 = 97.7650 Japanese yen) Japans exports rose 11.5 percent in September from a year earlier, below expectations for a 15.6 percent rise, data released on Monday showed. There are some headwinds…Exports are not growing at the pace that had been expected, said Tony Nash, vice president at IHS told CNBC Asias Squawk Box. Imports rose 16.5 percent in September, versus analysts expectations in a Reuters poll for a 20 percent increase, while the trade balance was in a deficit for a fifteenth straight month.
Posted on: Mon, 21 Oct 2013 00:16:04 +0000