The Ministry of Finance released its trade data for Japan on the late Tuesday evening. Japan's trade deficit widened to ¥268.1 billion in July from a deficit of ¥70.5 billion in June. June's figure was revised down from a deficit of ¥69.0 billion.

Analysts had expected a deficit of ¥56.7 billion.

The adjusted trade deficit was ¥368.8 billion in July, down from a deficit of ¥283.4 billion in June.

Exports rose 7.6% year-on-year, while imports dropped 3.2%.

Exports to Asia climbed by 6.1% year-on-year, exports to the United States increased by 18.8%, exports to China rose by 4.2%, while exports to the European Union were up 10.0%.

Imports from Asia climbed 7.4% year-on-year, imports from the United States jumped 7.5%, and imports from China gained 13.5%, while imports from the European Union rose 13.5%.