The deficit for the month rose to 932bn yen ($9.5bn; £5.8bn), up 64% from a year ago, as imports rose 16.5%.
A series of aggressive measures aimed at reviving Japan’s economy has resulted in the yen falling nearly 25% against the US dollar since November.
While that has helped Japan’s exports by making them cheaper, it has also made imports more expensive.
However, the growth in exports has not been sufficient enough to offset the higher import bill.
Data released by the Ministry of Finance showed that exports rose 11.5% in September, from a year earlier.
via Reuters
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.