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Donald Trump has accused countries including China and Japan of manipulating their currencies and running large trade deficits with the U.S.
Investors in Asia were on edge leading into the meeting between Japanese Prime Minister Shinzo Abe and Trump late last week. The economic policies of Abe, known as Abenomics, rely in part on a weak Japanese yen and exports to the U.S.
There is a clear conflict between Abenomics and Trump’s policies.
The news was that the meeting between Abe and Trump ended with handshakes, hugs, golf and a statement by Trump that he supports Japan “100%.” But the real news here is that there was no mention of a weak yen and Japan running a trade deficit.… Please click here or the title below to read more.
February 13, 2017