Japan spokesman: Trump criticism of currency policy off base

by 9:00 AM 0 comments
Trump accused China and Japan of currency manipulation, saying they play "the devaluation market and we sit there like a bunch of dummies. "After Trump`s comments, the dollar weakened sharply against the yen. Government spokesman Yoshihide Suga said Wednesday that Trump`s comment, made in a meeting with executives of pharmaceutical companies, "completely misses the mark. Japanese officials have rejected U.S. President Donald Trump`s suggestion that Tokyo is seeking to weaken the yen against the U.S. dollar to gain a trade advantage. But by midday Wednesday in Asia, it was at 113.00 yen, slightly above its previous close of 112.94 yen.

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