Japan’s Asakawa says Trump presidency won’t change Japan FX policy-Nikkei

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Reuters

TOKYO, Nov 24 (Reuters) – Japan’s tip banking diplomat Masatsugu Asakawa pronounced there will be no change to Japan’s banking process after U.S. President-elect Donald Trump forms his administration, a Nikkei journal reported on Thursday.

Japan guides exchange-rate process formed on an agreement among a Group of Seven modernized economies that rarely flighty banking fluctuations are unattractive for a economy, a position that won’t change after Trump becomes president, Nikkei quoted Asakawa as saying. It did contend when a talk was conducted.

Asakawa pronounced Trump’s position on sell rates was still misleading as his remarks suggested he was looking during both a costs and advantages of a clever dollar to a U.S. economy, Nikkei said.

The dollar has strengthened opposite a yen given Trump was inaugurated boss and U.S. Treasury yields peaked on expectations that a new administration would boost debt-funded infrastructure spending.

Trump has regularly criticised Japan and China for banking policies that give their exports an astray trade advantage, reinforcing marketplace expectations that Japan won’t get agree from a United States to meddle in a banking marketplace to branch any future, unwelcome yen rises. (Reporting by Leika Kihara; Editing by Richard Pullin and Eric Meijer)

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