The Trump administration’s willingness to break with tradition and comment about currency valuations has raised fears that the US might lead the world into a new round of currency wars, angering and unnerving allies.
Shinzo Abe, Japan’s prime minister, complained on Wednesday after Mr Trump attacked China and Japan for “play[ing] the devaluation market”.
In response, Mr Abe told the Japanese parliament: “The kind of criticism they are making of yen manipulation is incorrect.”
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