trump shares view that monetary policy not fx manipulation
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Trump shares view that monetary policy not FX manipulation

Arab Today, arab today

Arab Today, arab today Trump shares view that monetary policy not FX manipulation

Donald Trump & Shinzo Abe
Tokyo - Arab Today

Japanese Prime Minister Shinzo Abe said on Wednesday US President Donald Trump shared his view at last week’s summit that Japan’s monetary policy was not currency manipulation but was intended to end deflation.
Abe’s comments about the Feb. 10 summit suggest Trump may be softening his criticism that Japan was manipulating its currency to gain a trade advantage.
“I think Trump shared the view that our monetary policy is not for currency manipulation but for ending deflation,” Abe said in the upper house of Parliament.
Abe also said he explained how Japanese automakers with factories in the US contributed to job creation in the world’s largest economy. Trump did not make any demands for Japan to further open its economy to imports, Abe added.
Trump has questioned the small number of US auto exports to Japan, raising concerns he could pursue protectionist trade policies to lower the US trade deficit.
Separately, Bank of Japan (BoJ) Gov. Haruhiko Kuroda said the central bank stood ready to cut interest rates if the economy took a turn for the worse, suggesting that any threats from Trump would not deter him from taking action necessary to spur growth.
He also stressed that the BoJ’s ultra-easy policy did not target exchange rates and was solely aimed at achieving price stability, in line with agreements by members of the G7 and G20 groupings of nations.
“Currency rates move on various factors,” Kuroda told a separate parliamentary panel on Wednesday. “It is wrong to think currency rates move by monetary policy alone.”
Trump won the presidency with promises to put America first by renegotiating bilateral trade agreements to bring jobs back to the US, which has raised concerns that global trade could suffer as a result.
Policymakers in Tokyo were also shocked by an accusation by Trump that Japan was using “money supply” to weaken the yen to give its exports an unfair advantage.
However, when Abe visited the US last week, his summit meeting with Trump proceeded in a fairly cooperative manner.
Not only did Abe avoid criticism of his economic policies, he also held a joint press conference with Trump in response to a sudden missile launch from North Korea, which demonstrated the strength of the US-Japan alliance.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump shares view that monetary policy not fx manipulation trump shares view that monetary policy not fx manipulation

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump shares view that monetary policy not fx manipulation trump shares view that monetary policy not fx manipulation

 



GMT 10:10 2017 Thursday ,09 February

3 Important Elements You Have to Consider

GMT 04:03 2017 Monday ,24 April

Bella Hadid ‘dying’ to visit Palestine

GMT 19:25 2016 Wednesday ,25 May

The Brooklyn Desk by Oeuf NYC

GMT 07:49 2018 Friday ,05 January

2 Russian servicemen killed

GMT 07:58 2018 Monday ,01 January

Italy orders N. Korea's envoy to leave

GMT 08:45 2017 Wednesday ,20 December

US military imagines war without GPS

GMT 17:26 2017 Sunday ,17 December

Putin thanks Trump for help in foiling attack plot

GMT 22:19 2017 Monday ,16 October

Cairo-hosted Fatwa conf. new contribution

GMT 02:27 2016 Friday ,10 June

Video hints Japan abetting illegal ivory trade

GMT 07:04 2017 Wednesday ,19 April

1,883 Bahrainis found jobs in March

GMT 14:24 2016 Tuesday ,22 November

Citi and JPMorgan top list of ‘globally banks’

GMT 21:43 2017 Friday ,01 September

People question Nazaruddin`s repatriation expenses

GMT 09:41 2017 Wednesday ,19 April

OIC concerned over violence in Mali

GMT 01:30 2017 Friday ,27 October

May22/Jun21

GMT 05:38 2016 Friday ,30 December

Dubai Airports divert 13 flights due to heavy fog

GMT 11:38 2017 Saturday ,14 January

Mexico names new ambassador to US

GMT 12:03 2017 Wednesday ,22 March

Kuwait to mark World Water Day

GMT 15:00 2017 Wednesday ,27 September

HM King receives invitation from Egyptian President

GMT 02:45 2017 Tuesday ,05 December

President Bashir arrives in Chad

GMT 02:45 2017 Wednesday ,16 August

Turkmen President Visits Pakistan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday