The Ministry of Finance released its trade data for Japan on the late Wednesday evening. Japan's trade surplus turned into a deficit of ¥379.7 billion in November from a surplus of ¥111.5 billion in October.

Analysts had expected a deficit of ¥446.2 billion.

Exports fell 3.3% year-on-year in November, while imports dropped 10.2%.

Exports to Asia declined by 8.7% year-on-year in November, exports to the United States increased by 2.0%, while exports to China fell by 8.1%.