BANGKOK, Oct 16 (Reuters) - Japan no longer faces the deflationary environment that existed for more than a decade, and the level of its currency and monetary policy must change accordingly, US Treasury Undersecretary Erin Browne said on Friday. ...
The US Treasury Department sent a noteworthy message to Japan. It stated that the yen's value and monetary policy need to be adjusted to changing economic conditions. A warning was issued that sudden currency fluctuations could increase global financing costs.