Japan should push back against any U. S. suggestion that it is suppressing the yen’s value for trade advantage, an adviser…
TOKYO —
Japan should push back against any U. S. suggestion that it is suppressing the yen’s value for trade advantage, an adviser to Prime Minister Shinzo Abe said, in a bid to preempt criticism of Japan’s currency policy.
Koichi Hamada, cabinet adviser and emeritus professor of economics at Yale University, told Reuters in an interview that Tokyo should stress that Japan has a different currency policy from China.
With President Donald Trump criticising the trade policies of Japan, China and other major economies, Tokyo fears that trade friction could return for the first time in years, harming Japan’s interests and its deep relations with Washington.
