Trump: Japan cannot allow the yen to depreciate any further, it's unfair to the United States

ChainCatcher news, according to Jinshi reports, U.S. President Trump stated on Monday local time that he told Japanese leaders that they cannot continue to let their currency depreciate, as this is unfair to the United States. Trump said: "We can't do this because it's not fair to us."

When Japan and other places are devaluing their currencies, it is difficult for us to produce tractors here. When asked about Trump's remarks, Japanese Finance Minister Taro Aso stated that Tokyo has not implemented any direct policies aimed at weakening the yen.

Taro Aso said at a press conference in Tokyo on Tuesday that Japan has confirmed its basic stance on exchange rate policy with the G7 and the United States, including during a bilateral meeting with U.S. Treasury Secretary Mnuchin.