Japan faces increasing pressure over yen
MARKET NEWS
TOKYO -- The Japanese government came under fire from US manufacturers last week over the weakening yen, increasing external pressure on Tokyo over perceived "manipulation" of the currency.
US Treasury Secretary Paul O’Neill recently warned Japan that it could not solve its economic problems through a weak currency. And US carmakers joined the chorus of discontent, with General Motors urging the Bush administration to get tough with the Japanese authorities.
Mustafa Mohatarem, chief economist at
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