U.S. President Donald Trump has accused Japan and China of reducing the value of their currencies, calling it unfair to the United States. Trump suggests that tariffs could counteract this disadvantage. Japan denies taking direct actions to weaken the yen, emphasizing its adherence to agreements on currency policy with G7 and G20 countries.
Asian shares drop after US selloff, treasuries dip
Asian stock markets saw a decline following Wall Street’s losses. Concerns about the United States’ deficit impacted investor sentiment. Treasury yields rose, particularly for long-term