The Ministry of Finance released its trade data for japan on Wednesday. Japan's trade deficit widened to ¥216 billion in May from a deficit of ¥55.8 billion in April. April's figure was revised down from a deficit of ¥53.4 billion.

Analysts had expected a deficit of ¥226 billion.

The adjusted trade deficit was ¥182.5 billion in May.

Exports rose 2.4% year-on-year, while imports dropped 8.7%.

Exports to Asia climbed by 3.3% year-on-year, exports to the United States increased by 7.4%, while exports to the European Union were up 0.4%.

Imports from Asia fell 3.0% year-on-year, imports from the United States jumped 11.5%, while imports from the European Union rose 1.1%.