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U.S. treasury secretary keen on currency clause ahead of U.S.-Japan trade talks

NHK reported on Sunday morning that ahead of the start of U.S.-Japan trade talks in Washington today, Secretary of the Treasury Mnuchin told reporters on Saturday that there must be no currency manipulation for the purpose of boosting the competitiveness of exports. He was quoted as saying that the U.S. wants to ensure that all trade agreements have currency provisions, thus reiterating his intent to include a currency clause in the bilateral trade deal to prevent Japan from pushing the value of the yen down to benefit Japanese exports.

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