Japan Finance Minister Says No Change in FX Policy After US Report

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TOKYO, Japan (Reuters) – Japan's currency policies won't change immediately after the United States removed Japan from its list of countries under monitoring, said Finance Minister Shunichi Suzuki on Tuesday. He noted that the decision was made in coordination with Washington.

Suzuki told reporters that "as far as currency policy is concerned, we will keep close communication with the United States and others." The fact that Japan has been removed from the list does not mean we will respond differently or that there is any impact.

The U.S. Treasury said on Friday that it had found no evidence of major U.S. trade partners manipulating their currencies to gain an export advantage. It also concluded "enhanced analyses" for Switzerland once the country met at least one of three criteria for manipulation.

In its semiannual currency report the Treasury stated that Switzerland is on a list of six trading partners for whom it pays close attention in terms of foreign exchange policies and economic policies: China, Taiwan South Korea, Germany Malaysia Singapore.