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ECONOMY

Treasury Department places Japan on currency watch list

All national papers reported over the weekend that the Treasury Department released on Friday its semi-annual report to Congress on the currency policies of U.S. trading partners, noting that it placed Japan, China, Germany, and three other nations on a “monitoring list” for special attention. As the USG document expressed concern about the “persistence of this large bilateral trade imbalance between the United States and Japan,” the dailies forecast that President Trump may use the Treasury report to press Prime Minister Abe at Mar-a-Lago to agree to the launch of bilateral FTA talks as a measure to reduce U.S. trade deficit with Japan. 

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