Japan Trade Deficit Narrows in September

Japan posted a larger-than-expected trade deficit in September as exports continue to shrink amid faltering global growth.

The country's trade gap stood at 558.6 billion yen ($7 billion) last month after a 754.1 billion yen deficit in August. Exports fell 10.3 percent form a year earlier in September to 5.360 trillion yen ($67.4 billion). Japanese exports to China-the nation's largest trading partner-fell 14.1 percent in September, the sharpest since the 14.0 percent drop in February and the fourth-straight monthly drop.

Japan's overall trade balance with China stood at a deficit of 329.5 billion yen, the seventh-consecutive monthly shortfall.

10/22/2012 9:54:28 AM