Japan finance minister Taro Aso said in the parliament that historically, US Dollar always rise against Japanese Yen when interest rate differentials widened to 3%. Aso added that US interest rates will “undoubtedly rise ahead”. And therefore, there won’t be “one-sided” Yen appreciation that could hurt the economy.
Regarding trade, Aso emphasized that Japan should “definitely avoid” bilateral trade negotiations with the US. He added that “When two countries negotiate, the stronger country gets stronger. That’s unnecessary (for Japan) so we’ve been saying all along that we would definitely avoid” bilateral trade talks with the United States,
