trade deficit with Japan
Economic term referring to a country's trade deficit specifically with Japan.
The US trade deficit with Japan has been an issue for many years.
General term for trade deficit; 対日貿易赤字 specifies the deficit is with Japan.
Trade with Japan; 対日貿易赤字 is the deficit side of that trade.
Compound of 対日 (toward Japan) + 貿易 (trade) + 赤字 (deficit).