Aso pushes back on U.S. call for scrutiny of currency moves

Apr 23, 2017

Aso pushes back on U.S. call for scrutiny of currency moves

Finance Minister Taro Aso said Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington's calls to have more rigorous IMF scrutiny of currency moves. Earlier, U.S. Treasury Secretary Steven Mnuchin at the spring meeting of the 189-nation International Monetary Fund ...

Japan, China remain on U.S. list

/ Apr 15, 2017

Japan, China remain on U.S. list

The Treasury Department said Friday it has retained Japan, China and four other nations on a list of countries it monitors over potentially "unfair" currency practices. The department, however, concluded that no major U.S. trading partner is manipulating its currency to gain an unfair trade ...

U.S. issues trade challenge at fraught G-20

Mar 19, 2017

U.S. issues trade challenge at fraught G-20

The United States on Saturday challenged long-standing global principles surrounding free trade, refusing to renew past anti-protectionist pledges and threatening to reopen negotiations on World Trade Organization deals. In a first sign of what Donald Trump's "America First" push spells for the world, finance ministers ...

Mar 19, 2017

Gist of Group of 20 finance chiefs' communique

In the communique released Saturday after a two-day meeting of Group of 20 finance ministers and central bankers, the finance chiefs: Drop a pledge to resist all forms of protectionism. Vow to "strengthen the contribution of trade" to their economies. Say excess volatility and disorderly moves in ...