Japan rejects Trump’s accusation of devaluing yen amid tariff threat
Japan has denied an accusation by US President Donald Trump that it is manipulating the yen to benefit local manufacturers after the American leader suggested he is planning to impose retaliatory tariffs if his demands are not met.Speaking to reporters in the White House on Monday night, Trump singled out Japan and China for criticism.“Whether it is Japan or China, the weak currency against the dollar puts us at a great disadvantage,” Trump said. “It is hard for Caterpillar to make tractors when Japan and China are devaluing their currencies.“I...