Japanese officials have rejected US President Donald Trump's suggestion that Tokyo is seeking to weaken the yen against the US dollar to gain a trade advantage.
Japan is not deliberately weakening the yen to boost its exports, Prime Minister Shinzo Abe said Wednesday when asked in parliament about President Donald Trump’s accusations of currency manipulation.
Abe is expected to meet with Trump in Washington on Feb. 10. He said Japan would again explain to the US side its unprecedented monetary easing policies, which have pulled the yen lower against the dollar in recent years
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Money traders watch computer screens with the day’s exchange rate between Japanese yen and the U.S. dollar at a foreign exchange brokerage in Tokyo, Wednesday, Feb. 1, 2017. (AP Photo/Shizuo Kambayashi)
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