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Japan slams accusations Trump on devaluation
2/2/2017 0:00
[rtl]Tokyo / follow - up to the morning
at the time criticized the authors of monetary policy in Japan on Wednesday accused US President Donald Trump for their country as a currency manipulator Exchange and emphasized that Tokyo abide by the agreement of the Group of Twenty requires to stay away from competitive devaluation of the value of the currency, saw the Nikkei rise in the Tokyo Stock Exchange.
The dollar took a defensive stance after Trump and his advisor on critical trade - Peter Navarro , both from China, Germany and Japan , and said: that these countries devalue their currencies against the interest of US Altdh.ouhdhir senior officials of the Japanese government of the damage that has been inflicted by the yen 's rise of the country 's economy , which depends on exports and endowed to contain the damage with the dollar 's decline to its lowest level in two months against the Japanese currency at 112.08 yen on Tuesday in the wake of a large Tramb.oukal statements of Trustees of the Japanese cabinet Yoshihedy Suga press statement that Tokyo reduce the value of the yen to win an unfair trade advantage.
Suga - which is among the most close aides to Prime Minister Shinzo Abe and his prominent role in the economic policy of the Japan that "Japan 's direct its policy (cash) in line with the agreements concluded by the two sets of twenty-seven countries. There will be no change in that position , " he added.
Suga said that Japan "will seek to communicate closely" with the new US administration on trade issues relevant to the economy and the currency.
Masatzogo Asakawa 's top official involved in the currency and the Deputy Minister of Finance and Foreign Affairs , as he said in remarks to reporters , "just as he said the governor of the Bank of Japan (Haruhiko) Kuroda repeatedly Japanese monetary policy aimed at reaching a local purpose of ending deflation which does not target exchange rates.
Adopted a Bank Central Japan program a huge asset purchase in 2013 met a tribute to strengthen exporters profits and improve morale in the field of commercial activities through the depreciation of the yen.
fell yen 20 percent against the dollar since that time , but it 's still far from the lows recorded in 2015 when it stood at 125 yen to the dollar. a senior source in the government on Wednesday that Japan's Finance Minister Taro Aso will explain the government 's position on currency and monetary policy at a meeting next week between Prime Minister Shinzo Abe and US President Donald Trump.
so Nikkei index at the Tokyo Stock Exchange rose Wednesday with the rise of the dollar against the yen , but gains have been limited with investors continue to worry about some American president Donald Trump 's management policies.
scored the steel sector the best performer among the segments of the market with the support of strong expectations for business results issued by Jah.av.aa Holdings.
The dollar fell after Trump and his advisor on Trade Peter Navarro pointed out on Tuesday that Japan, China and Germany are reducing the value of their currencies.
But the US currency rebounded and traded above 113 yen in mid - session, boosting sentiment in general about Japanese stocks.
Finish the session and the Nikkei was up 0.6 percent to 19,148.08 points , having fallen in early trading.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=130957[/rtl]
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