U.S. Criticizes Japan, China on Currencies

BY TOM BARKLEY AND SUDEEP REDDY

The Obama administration again declined to label China a currency manipulator, while it criticized Japan's efforts to limit the yen's appreciation.

The Treasury Department, in its overdue semiannual currency report, offered its most direct criticism to date of Japan's two latest currency interventions, which the U.S. didn't support. The move could complicate any further attempts by Tokyo to intervene in currency markets.

Treasury also said in the report, released Tuesday, that it would continue to press Beijing for greater exchange-rate flexibility, as well as to level the playing field for foreign companies and to shift China's economy away from export-led ...

BY TOM BARKLEY AND SUDEEP REDDY

The Obama administration again declined to label China a currency manipulator, while it criticized Japan's efforts to limit the yen's appreciation.

The Treasury Department, in its overdue semiannual currency report, offered its most direct criticism to date of Japan's two latest currency interventions, which the U.S. didn't support. The move could complicate any further attempts by Tokyo to intervene in currency markets.

Treasury also said in the report, released Tuesday, that it would continue to press Beijing for greater exchange-rate flexibility, as well as to level the playing field for foreign companies and to shift China's economy away from export-led ...

Source: http://online.wsj.com/article/SB10001424052970203479104577124962748590078.html?mod=rss_US_News

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