Japan Sept exports rise 11.5 pct year/year - MOF

Sunday, 20 Oct 2013 | 7:56 PM ET

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.($1 = 97.7650 Japanese yen)