Home United States USA — Japan Japan rejects Trump’s accusation of devaluing yen amid tariff threat

Japan rejects Trump’s accusation of devaluing yen amid tariff threat

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Tokyo unlikely to retaliate despite deep unease about impact of potential US tariffs on Japanese firms, as it still needs US security umbrella, analysts say.
Japan has denied an accusation by US President Donald Trump that it is manipulating the yen to benefit local manufacturers after the American leader suggested he is planning to impose retaliatory tariffs if his demands are not met.
Speaking to reporters in the White House on Monday night, Trump singled out Japan and China for criticism.

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