The world's largest economy nation declared country's goods trade deficit. The Japanese finance ministry said on Wednesday that the country's goods trade deficit in September stayed at 114.5 billion yen (About $ 955 million).
The ministry said in the preliminary report that, on a customs-cleared basis, the world's third largest economy's exports rose 0.6 percent from a year earlier, while imports declined 11.1 percent, reported by Xinhua. This year Japan's trade improved with fall in prices of crude oil and other fuels. In September, imports of oil, gas and coal fell 36 percent from the year before.
According to the forecast by many economists trade balance would be in positive territory for the month, but the slowdown in China has hindered a recovery in exports, adding to pressure on Japan's central bank to expand monetary stimulus to help revive growth.
The trade deficit in September of 2014 was 962 billion yen ($8 billion). In August this year, it was a deficit of 569 billion yen ($4.8 billion).
"If oil prices rise, and the Japanese yen's value depreciates as expected, the deficit will likely expand again", said Marcel Thieliant of Capital Economics.