"Japan has confirmed its basic stance on currency policy" with G7 countries and the United States ... accused by Trump of intentionally weakening their currencies in his first term as president.

Countries that fail to reduce their trade barriers will face steeper tariffs, said Mr Bessent. Read more at straitstimes.com.

U.S. President Donald Trump said he told the leaders of Japan and China they could not continue to reduce the value of their currencies, as doing so would be unfair to the United States.

Prime Minister Shigeru Ishiba said in February he agreed with Mr Trump that the two countries ... 20 members to reaffirm their agreement that excess volatility in the currency market is ...