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Japan official urges caution over Trump’s complaint on strong dollar

“At the meeting, Japan asked China for clarification of its yuan currency policy, seeking factors behind its depreciation” writes Tomohiro Ohsumi for cnbc.com. The U.S. president also lamented the strength of the dollar and accused the European Union and China of manipulating their currencies.Aso voiced concerns at the G20 that acceleration of monetary policy normalization in advanced economies could weaken emerging market currencies and cause capital outflows from countries such as China.That could make Japan vulnerable to criticism of being a currency manipulator as it remains on the U.S. Treasury’s monitoring list.The Bank of Japan has pursued an aggressive monetary stimulus to achieve its elusive 2 percent inflation target.
 
Source: cnbc.com



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