Currencies
US Adds Japan to Currency Watchlist as Trade Partners Struggle With Stronger Dollar
- Treasury declines to name any country a currency manipulator
- Calls for more transparency from China, flags data ‘anomalies’
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The US Treasury Department added Japan to its “monitoring list” for foreign-exchange practices, but stopped short of labeling it or any other trade partner as a currency manipulator.
While pointing out that Japan intervened to support the yen earlier this year, the Treasury took aim instead at Tokyo’s large bilateral trade and current account surpluses.