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Japan’s Amari Says Markets Set Currencies Amid Yen Criticism

Economy Minister Akira Amari denied Japan’s new government is actively targeting a weaker yen, taking to the international stage to argue that economic policy is instead aimed at defeating deflation.

Japan is “absolutely not deviating from global standards,” Amari told the World Economic Forum’s annual meeting in Davos, Switzerland on Jan. 26. “I don’t comment on a foreign-exchange rate because it should be determined by the market. What we do is to implement policies.”