Mr. Trump criticizes Japan for the yen's depreciation.

It was warm enough for elementary school children to wear short sleeves in the neighborhood over the weekend, but it suddenly got cold.

Coughing starts, and my throat feels scratchy.

I have a bad feeling about this, Kobune? Hello.

Well then, President Trump, who is being talked about in talks with Ukraine.

That point is interesting too, but is the target directed at Japan?

Below is a quote from Yahoo News.

On the 3rd, President Trump criticized Japan by name, saying that the U.S. manufacturing industry was placed at a disadvantage due to a weak yen and a strong dollar. Going forward, instead of asking Japan to correct the yen, he said he would announce an increase in tariffs. He also criticized the depreciation of the Chinese currency, the yuan. He spoke to reporters at the White House.

Trump argued, "Whether in Japan or China, we are placed in a very disadvantageous position due to currency depreciation against the dollar." He also stated, "When Japan and China devalue their currencies, it becomes difficult for Caterpillar to manufacture tractors," expressing dissatisfaction that Japanese and Chinese manufacturing industries were unfairly boosting their competitiveness against the dollar.

Trump said, "In the past I called the leaders of Japan and China and told them, 'We cannot continue the unfair currency devaluations.' But what I should do is to say, 'We need to raise tariffs a little,'" indicating that tariffs would be used as leverage to push for currency depreciation corrections in the future.

The Trump administration plans to introduce "mutual tariffs" where countries imposing high tariffs on the United States would face equivalent tariffs. Government officials say that when calculating new tariff rates, they will also consider undue currency depreciation against the dollar.

During his first term from 2017 to 2021, Trump viewed the currency depreciation of Japan and China as a problem. He said he directly demanded corrections of the currency depreciation from Prime Minister Shinzo Abe (then) and President Xi Jinping. 【Washington: Shō Ogawa】

...That is the story.

In response to this, the foreign exchange market quickly saw the yen strengthen, and it traded around 1 USD = 148 yen in the early morning of the 4th.

Will the yen's appreciation be curbed and move in a favorable direction...?

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