BY TAKASHI NAKAMICHI
TOKYO?Japan put on a brave face Wednesday after the U.S. Treasury issued a surprisingly strong reprimand against Tokyo's recent rounds of foreign-exchange intervention to weaken the yen, but the hardening U.S. attitude could seriously undermine further forays into the market in the months ahead.
In its semiannual report on foreign exchange, the U.S. Treasury also repeated its assertion that China's yuan is undervalued but again stopped short of declaring China to be a currency manipulator.
But it was the harsh language toward Japan that came as a surprise to the foreign-exchange market. It also appeared to put Japanese officials on ...
BY TAKASHI NAKAMICHI
TOKYO?Japan put on a brave face Wednesday after the U.S. Treasury issued a surprisingly strong reprimand against Tokyo's recent rounds of foreign-exchange intervention to weaken the yen, but the hardening U.S. attitude could seriously undermine further forays into the market in the months ahead.
In its semiannual report on foreign exchange, the U.S. Treasury also repeated its assertion that China's yuan is undervalued but again stopped short of declaring China to be a currency manipulator.
But it was the harsh language toward Japan that came as a surprise to the foreign-exchange market. It also appeared to put Japanese officials on ...
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