US finds no currency manipulation in 2023 but adds Japan to monitoring list

Quick Summary:

The US Treasury also kept Singapore, China, Malaysia, Vietnam, Taiwan and Germany on its monitoring list.

The official instead cited Japan’s high 2023 trade surplus of US$62.4 billion with the US and its global current account surplus of 3.5 per cent of GDP, up from 1.8 per cent in 2022.

The report also raises questions about China’s reporting of data on its current account balance, which showed its surplus fell to 1.4 per cent of GDP in 2023 from 2.5 per cent in 2022.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaGermanyJapanMalaysiaMaliTaiwanUnited StatesVietnam

Topics: List Currency Current Surplus Treasury Exchange Report Foreign Japan Account Trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-21 @ 09:04:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 799 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21324963

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