Japan: Trump's currency criticism 'totally incorrect'

Japan: Trump's currency criticism 'totally incorrect'

Japan: Trump's currency criticism 'totally incorrect'

U.S. President Donald Trump criticized Japan on Tuesday, claiming that the country guided the yen lower for years.

"Look at what China is doing".

With Japan's economy in good shape, the BOJ's next policy move is likely to raise its 10-year government bond yield target from current levels of around zero, Momma said.

"Amid surging criticism against (the) travel ban, market participants are contemplating that Trump has gone overboard", Toshihiko Matsuno, strategist at SMBC Friend Securities, told Bloomberg News.

"They play the money market, they play the devaluation market, and we sit there like a bunch of dummies", he added.

Abe will discuss both economics and security when he meets with Trump on February 10., issues that could provide the Prime Minister with an unexpected edge in his relationship with a President determined to "hire American and buy American".

BU advising students from 'travel ban' countries to stay in US
MSU staff discussed the implications of Trump's executive order throughout the weekend and reached out to those affected. Citizens of the following Muslim-majority countries are affected: Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.

Trump referred to the Japanese currency issue for the first time since he took office on January 20.

Abe this week pushed back on Trump's remarks that Japan had made it "impossible" for US manufacturers to sell cars in the country, telling lawmakers on Monday that a lack of advertising and dealerships played a role.

Discussions at the G-7 and G-20 forums could be affected if Trump continues to criticize monetary policies of other countries, sources said.

Dr Merkel responded to a charge from Dr Peter Navarro, the head of the White House National Trade Council, in the Financial Times that Germany's excessive trade surplus is a sign of a "grossly undervalued" currency. The dollar traded around the 113 yen line in Tokyo.Kuroda told reporters in Tokyo that the nation's monetary policy "is not targeting exchange rates", but "is aimed at stabilizing prices and attaining a 2 percent inflation goal as soon as possible". Injecting massive amounts of cash into the economy caused the yen's value to fall from about 80 yen to the dollar to a low of about 125 yen to the dollar in mid-2015. Trump, who has taken a protectionist stance on trade, has said the dollar is too strong.

"The criticism that our policies are meant to direct the yen lower is undeserved", Abe told fellow lawmakers. Abe said that if 'Japan's economy imporves, that is not bad for th eUnited States, and he said he would explain that point to Trump when he meets with him in Washington next week.

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