US EditionBREAKING NEWS: Trump complains of nonreciprocal nature of security pact with Japan
- Japan's Nikkei share average fell more than 1 percent on March 4, driven by Mr. Trump's comments about currency policies, indicating the risk to Japan's economy from Washington's tariffs and currency situation.
- Japanese Finance Minister Katsunobu Kato stated that Japan is not aiming to weaken the yen and confirmed its currency policy stance with G-7 countries and the United States.
- Mr. Trump expressed on March 3 that he told leaders of Japan and China they cannot continue to devalue their currencies, calling it unfair to the U.S. and suggesting tariffs as a solution.
- Japanese Economy Minister Ryosei Akazawa noted that the government intervenes in the currency market only when movements are deemed speculative.
14 Articles
14 Articles
Prime Minister Shigeru Ishiba denied at the House of Representatives Financial Services Committee on the 4th that US President Trump had called Japanese leaders regarding the exchange rate issue and told them, 'We cannot continue with the unfair devaluation of the currency.'" He said, "It is not true that I received a call from Mr. Trump." This was his response to Constitutional Democratic Party of Japan member Shu Sakurai.
The Japanese government's comments come hours after Trump threatened to impose additional tariffs on Japan and China, claiming that these countries purposely devalue their currencies.
US President Donald Trump announces tariffs and criticizes Japan and China for their weak currencies. Especially Japan's shares suffer from the following caprioles on the foreign exchange market.
Japan rejects Trump's claim it is pursuing yen-weakening policy
Japan on Tuesday rejected U.S. President Donald Trump's claim that Tokyo is pursuing a policy to devalue the yen, adding that it will maintain close communication with Washington on foreign exchange matters. "We are not adopting a policy to weaken the (Japanese) currency. If you recall our foreign exchange market…
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