US puts Japan on currency manipulation watch list ...News

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US puts Japan on currency manipulation watch list
source : Russia Today ( News ) () 39
Tokyo is reportedly being scrutinized by the Treasury Department for potentially unfair foreign exchange practices The US Treasury Department re-added Japan to its foreign exchange monitoring list on Thursday, where its name had been absent since June 2023. It joins China, Vietnam, Taiwan, Malaysia, Singapore and Germany. The listing came after Japan resumed its interventions in the currency market to stop the yen’s rapid decline against the US dollar in April and May. Tokyo spent 9.8 trillion yen ($61.6 billion) between April and May this year to stem its depreciation, after the Japanese currency hit a 34-year l

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