Currency Manipulation Rule to be Included in any U.S.-Japan Trade Talk Agreement, Treasury Secretary Says



The Japan Times

With U.S.-Japan trade talks set to begin Monday in Washington, U.S. Treasury Secretary Steven Mnuchin said Saturday any agreement will include a requirement to refrain from manipulating currencies to gain an advantage in international trade.

But he said there is no arbitrary deadline for completing the talks.

The U.S. priority is that countries “don’t in any way manipulate their currency for purposes of competitive advantages,” Mnuchin told reporters on the sidelines of the spring meetings of the International Monetary Fund and World Bank.

U.S. Trade Representative Robert Lighthizer is set to hold two days of talks with economic revitalization minister Toshimitsu Motegi on Monday and Tuesday.

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