The Japanese government denies guiding the depreciation of the yen

BlockBeats News, March 4th: In response to US President Trump's claim that Japan has been guiding currency depreciation, the Japanese government denied this on the 4th. Trump, while explaining the reason for taxing Japan at the White House on the 3rd, stated that Japan has been guiding currency depreciation, putting the US in a "very unfair disadvantage."

Trump claimed that he would use taxes to "quickly and effectively bring about fairness." In response, Japanese Chief Cabinet Secretary Hirokazu Matsuno stated in a press conference on the 4th that Japan has not pursued a policy to guide yen depreciation.

Relevant parties in Japan will continue to closely consult with US Treasury Secretary Yellen. Japanese Finance Minister Taro Aso also stated that Japan has not pursued a yen depreciation policy, and the Japanese government and the central bank have been trying to correct the trend of yen depreciation and dollar appreciation through exchange rate intervention since 2022. (Jinshi)

Correction/Report

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