Economics
Mnuchin Warned by Japan, Germany as G-20 Fears Policy Shift
- New Treasury chief to travel to Germany for March G-20 meeting
- Mnuchin has spoken to Japanese, Chinese, German counterparts
What to Expect From the G-20 Meeting
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Within hours of being sworn in, U.S. Treasury Secretary Steven Mnuchin’s counterparts from Tokyo to Berlin started telegraphing warnings to him: Please don’t call the yen weak. Be careful how you talk about cutting financial regulations -- Europe is listening.
As President Donald Trump waited a few weeks for the U.S. Senate to confirm his Treasury secretary pick, the world watched as he and his advisers talked down the dollar and called out China and Japan for gaming foreign-exchange markets.