Japan posted a larger-than-expected trade deficit in January as imports increased for the first time in two years, driven up by higher oil prices. Japan’s merchandise trade balance with the rest of the world came to a Y1.087 trillion deficit. Economists polled by the Nikkei had forecast a Y629.3 billion deficit. Overall imports climbed 8.5% in January to Y6.509 trillion for the first rise in 25 months. One of the main factors driving up the nation’s import bill was a 41% jump in oil prices in yen terms from a year earlier. Exports rose for the second straight month in January, though the 1.3% gain was smaller than a Wall Street Journal forecast for a 4.3% increase. Exports to the U.S. fell 6.6% in January to Y1.054 trillion, according to the data. Japan posted a Y399.3 billion surplus with the U.S., down 27% from a year earlier. Japan’s trade figures with the U.S. have been under closer scrutiny since U.S. President Donald Trump said Japan had artificially weakened the yen to give its exporters an advantage against U.S. manufacturers. Japan tends to post deficit in January because of a slowdown in exports during New Year holidays.