http://www.bbc.com/news/business-27099942
Japan's trade deficit has grown even more due to less export growth and higher import of energy sources.
The deficit rose from 356.9 billion yen to 1.45 trillion yen during the same month a year ago.
This dramatic increase in the deficit is also due to Japan's recent monetary policy. Japan has implemented a series of aggressive policies to increase economic growth which has led to a large increase in the country's money supply. This large increase in money supply has caused downward pressure on the yen, weakening the yen sharply. The Japanese currency fell nearly 10% against the dollar between March last year and March this year. Since Japan has increased energy, oil imports, their weak yen has pushed up the price of imports (since with a weaker yen, they can purchase less of what they could originally before with the same amount of yen), thus also contributing to the trade deficit as they are needing to import more.
I think that the Japanese Feds understands that in the short run their policy implementation will result in a decline in the yen but in a long run will have a big impacted in their overall economic growth.
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