Saturday morning’s Nikkei took up President Obama’s remarks on Thursday, in which he emphasized the importance of “pushing back against either protectionism or competitive currency devaluations, or beggar-thy-neighbor strategies.” The paper noted that since the issue of foreign exchange was not a major discussion topic in the G7 summit, the U.S. leader’s reference to “currency wars” should be taken as a warning from Washington against Tokyo’s purported desire to intervene in the forex market to devalue the yen against the dollar.