Japan's trade data: what's the widening deficit saying?

Japan's trade deficit widened to ¥1.1 trillion in August as imports jumped 28% (report). Energy imports and the weak yen make the trade picture central to the yen's story.

What's your read?

• how the deficit fits the yen's outlook
• the import drivers you're watching
• how the BoJ weighs the trade picture

Background: trade balance explained.