WASHINGTON DC, Mar 04 (News On Japan) –
U.S. President Donald Trump on March third voiced concern over the depreciation of the yen, stating that the weakening yen and strengthening dollar had gone too far.
Trump identified that each the Japanese yen and Chinese yuan had been dropping worth in opposition to the dollar, emphasizing, “We are in a highly disadvantageous position.”
“I’ve called President Xi, I’ve called the leaders of Japan to say you can’t continue to reduce and break down your currency,” he mentioned.
Trump additionally acknowledged, “We will make up for it with tariffs.”
In April final 12 months, when the yen fell to its weakest stage in opposition to the dollar in 34 years, Trump posted on social media, calling it a “disaster for America,” warning of its impression on home manufacturing.
Source: TBS