Japan should be careful about recent remarks by U. S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday.
Japan should be careful about recent remarks by U. S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday.
The U. S. dollar fell the most in three weeks on Friday against a basket of six major currencies after Trump complained again about the greenback’s strength and about Federal Reserve interest rate rises.
The U. S. president also lamented the strength of the dollar and accused the European Union and China of manipulating their currencies.
Trump is not trying to influence currency markets, Treasury Secretary Steven Mnuchin has said, reiterating that a strong U. S. dollar reflects a strong U. S. economy and is in the United States‘ long-term interest.
„This time, the targets are China and the European Central Bank. But the content of criticism is the same so we need to be careful,“ the Japanese official told reporters on the sidelines of a G20 meeting in the Argentine capital.
