Japan finance minister Kato says Japan is not devaluing the yen
For more background on Trump's threats:
"I've called President Xi, I've called the leaders of Japan to say you can't continue to reduce and break down your currency," Trump said during remarks at the White House. "You can't do it because it's unfair to us."
Trump's comments reflect longstanding concerns in Washington that some countries deliberately weaken their currencies to make exports more competitive while making U.S. goods more expensive on global market
it makes it difficult for US firms to compete when other countries "are killing their currency, meaning driving it down."Trump’s remarks signal that currency practices remain a point of contention in U.S. trade relations, adding another layer of complexity to economic discussions with China and Japan.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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