TOKYO, April 16 (Reuters) – Japan’s currency policy would not change immediately after the United States withdrew Japan from its monitoring list, Finance Minister Shunichi Suzuki said on Tuesday, emphasising that the decision was made in collaboration with Washington.
“In terms of currency policy, we’ll maintain close contact with the United States and other countries,” Suzuki told reporters. “The fact that Japan was removed from the list does not immediately imply that we will respond differently or that there will be any impact.”
The US Treasury said on Friday that it had discovered no major US trading partners had manipulated their currencies for an export advantage, and that it had concluded “enhanced analysis” for Switzerland after it fulfilled one of three manipulation requirements.
The Treasury noted in its semi-annual currency report that Switzerland, along with six other trading partners: China, Taiwan, South Korea, Germany, Malaysia, and Singapore, remains on a “monitoring list” for close attention to foreign exchange and economic policies.