Japan economy minister Motegi on talks tih US on trade - already agreed on FX

Author: Eamonn Sheridan | Category: News

Japanese Economy Minister is in Washington for trade talks with the US

Remarks reported (nothing to nudge forex rates too far though):
  • Had first meeting with Lighthizer
  • Talked about the order of discussions
  • Had frank and good discussions with Lighthizer on trade
  • On FX, respective finance ministers already have an agreement
Re Motegi's comments on FX … he would very much like the yen to avoid the spotlight in these discussions. There is a risk that you-know-who will tweet out comment seeking to weaken the USD against the yen for competitive purposes. Like he did with China and the yuan. 
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