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Prime Minister of Japan: Trump warned of the seriousness of his remarks on currencies
17 September 2018 02:29 PM
17 September 2018 02:29 PMDirect : Japan 's prime minister said he told US President Donald Trump that there is a danger of discussing the issue of currency exchange rates, at a time when Donald Trump criticized the many countries , accusing them of manipulating the value of their currencies against the dollar.
"Shinzo Abe" in a televised debate with parliamentarian Shigeru Ishiba, his rival in the Liberal Democratic Party (LDP) election, broadcast on Sunday that Trump had not attacked Japan on the currency issue since their first meeting, Bloomberg reported.
In January 2017, Trump accused Japan and China of intentionally devaluing their currencies, a charge categorically denied by Japanese officials.
Last August, Trump accused China of manipulating its own currency, "I think the euro is also being manipulated."
When asked about Japan's public finances, Abe explained that Tokyo needs to fully escape the deflation of prices to achieve financial integration.
The prime minister of the world's third-largest economy stressed that the plan to increase the sales tax due in October 2019 would be realized if there was no new financial crisis at the same levels of the Lehman Brothers crisis a decade ago.
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