The minister in charge of trade talks with the United States said Sunday that Japan has no intention of discussing measures to prevent competitive currency devaluations.
"There were no talks on foreign exchange in the joint statement and during the Japan-U.S. summit (in September)," Japan's economic revitalization minister Toshimitsu Motegi said during a TV program, referring to the agreement between the two countries to begin negotiations for a bilateral trade agreement.
His comments come after U.S. Treasury Secretary Steven Mnuchin said Saturday that Washington is seeking to include an agreement to prevent competitive currency devaluations in any trade deal with Japan.