Reported 10 months ago
The US Treasury Department added Japan to its monitoring list for foreign-exchange practices, noting Japan's large trade and current account surpluses. The Treasury highlighted Japan's intervention to support the yen and emphasized that intervention in freely traded exchange markets should only occur in exceptional circumstances. The currency manipulation watchlist also includes China, Germany, Malaysia, Singapore, Taiwan, and Vietnam. The report comes as the strong dollar continues to impact trade partners and major importers, with Japan spending a record amount earlier this year to bolster the yen against the dollar.
Source: YAHOO