politics

U.S. wants deal with Japan to avoid competitive currency devaluations

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unnecessary because Tokyo had not intervened in the foreign exchange market since November 2011.

Another lie from Aso. He just said yesterday he was looking at reacting if the yen changed too much.

6 ( +10 / -4 )

Aso can't help but speak out the side of his mouth, at his age and being the finance minister shouldn't he be gainfully employed in retirement? Guess the acolytes keep encouraging this.

4 ( +4 / -0 )

He can smile all he wants...in this photo.

3 ( +3 / -0 )

It would help if Mnuchin specified the measure Japan is allegedly taking to drive down its currency. The Fed's hiking path will tend to weaken the yen, regardless of what Japan does.

2 ( +3 / -1 )

Does anybody ever wonder why this whole central banking scam is NEVER criticized or held to account for their global dominance?

10 ( +12 / -2 )

Every country in the central banking scam is in huge debt. Greece was fleeced by Germany and Italy is next. Why? Because they want to stop immigration train wreck coming from the EU/US war to assasinate Qaddafi.

1 ( +4 / -3 )

Photo caption: Hear evil, speak evil, see evil

8 ( +9 / -1 )

Gotta love these elites, problem is cut of one of their heads and another two takes their place...Hail Hydra!

4 ( +5 / -1 )

Any thing America asks, japan will do...buying serious flawed expensive and grounded F-35s, no problem, stopping buy Iranian oil, no problem, building US military bases in Okinawa, no problem...next will be agreeing to pay 20% tariffs to sell superior Japanese cars.

-1 ( +3 / -4 )

An official at Japan's Finance Ministry said there were "no plans" to include the currency agreement in a trade deal with the United States

Another government official expressed concern that such a clause would hinder the Bank of Japan's ability to conduct monetary easing measures.

Japan,s politicians and bureaucrats can be " concerned" and opposed as much as they wish to pretend to be but this is Trump,s administration they are dealing with. If the Don gets tough with his 20% car tarriff stick watch the crooked Aso change his tune quicker than an oyaji at a karaoke bar.

0 ( +2 / -2 )

An official at Japan's Finance Ministry said there were "no plans" to include the currency agreement in a trade deal with the United States, never work unless every G8 country signs a similar agreement and that includes the USA. Any form of currency devaluation including quantitive easing, if the US is found guilty of any forms of these manipulations then the clause should become void , works both ways currency manipulation isnt a one way street.

3 ( +3 / -0 )

Agreed. We just slapped a fancy name on it (QE)

3 ( +3 / -0 )

“An official at Japan's Finance Ministry said there were "no plans" to include the currency agreement in a trade deal with the United States and that it was unnecessary because Tokyo had not intervened in the foreign exchange market since November 2011”

Direct intervention, perhaps not. But there’s more than one way to skin a cat and Japan’s very good at hiding it’s market distortionist tricks such as purposely engineering infinitesimal interest rates to encourage money offshore where it artificially inflates the US dollar, to the ultimate detriment of the US because it allows the US to live beyond it’s means.

It’ll be shown for the lie it is when the US finally gets serious and puts a stop to the above, sending the yen back under 100 to the dollar in the direction of its fair value. That’ll test their ‘non-interventionist’ rhetoric.

-2 ( +1 / -3 )

According to the USA supreme leader Mr D Trump, the US has a $700 billion trade deficit. and he wants to cut this by having a free trade with other countries inc Japan, and who wouldn't want the gap to be closed?, but if Japan scraps its import duties with the USA, how much income will be lost to the Japanese economy? and what would the implications be? would Mr s Abe have to up the consumer tax again to cover these losses?

0 ( +1 / -1 )

the yen back under 100 to the dollar in the direction of its fair value. That’ll test their ‘non-interventionist’ rhetoric. total BS how does a stong yen under 100yen/$ make it fair, US economy is doing far better than the Japanese and the current exchange rate is a reflection of that , Japanese interested rates flat becuase inflation is stubbornly low , US interest rate are rising to cool off inflation and the money flowing back into the US pushing the $ higher. Seems to me the US just want a way to kowtow it trading partners by manipulating its own currency lower even while interest rates are risen and the economy is doing well. Just a modern day verision of the Plaza Accord which totallly screwed Japan. US cant get what it wants then trys to rig the deck. lol Good luck getting Japan to join that scam while the EU and China havent and wont sign up.

0 ( +0 / -0 )

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