Japan's Finance Minister denies manipulating currency market to weaken yen, despite pressure from U.S.

From Yahoo Finance: 2025-04-17 22:54:00

Japan’s Finance Minister denies manipulating currency market to weaken yen, ahead of planned talks in Washington. U.S. President Trump accused Japan of giving exporters an advantage by depreciating the yen. Market expects U.S. to pressure Japan to help narrow trade deficit by weakening the dollar. Both countries may discuss exchange rates and tariffs in upcoming meetings. Bank of Japan Governor Ueda says interest rates will be raised if economy meets targets, despite pressure from U.S. to weaken yen. BOJ expected to keep rates steady and cut growth forecasts at upcoming meeting.



Read more at Yahoo Finance: Japan does not manipulate FX to weaken the yen, Finance Minister says