Abe to Propose That Trump Discuss Currency Issues at G-20, G-7

by 11:00 PM 0 comments
Abe told parliament last week that he plans to discuss creating jobs and building infrastructure in the U.S. to help assuage Trump?s concerns over trade. Prime Minister Shinzo Abe plans to urge U.S. President Donald Trump to discuss currency issues at international forums like the Group of 7 and the Group of 20 instead of seeking talks with individual countries, according to a Japanese government official. Abe is under pressure to preserve solid economic and security ties with the U.S., its primary military ally and second-largest trading partner after China. The two sides intend to put out a consensus document on defense and the economy after the summit, the official said. Trump last week accused Japan and China of devaluing their currencies while the U.S. looks ?like a bunch of dummies.?Abe also plans to explain that Japan hasn?t intervened recently in the currency market, the official said.

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