US Retains China and Japan on Currency Monitoring List

The US Department of the Treasury has retained China and Japan on its currency monitoring list. The list, which is published twice a year, assesses economic and monetary policies through 2025.

China was highlighted for its lack of transparency in explaining its exchange rate policies and practices. The report stated that Beijing continues to stand out among major US trading partners for its relatively low level of transparency.

Japan, on the other hand, was judged to be very transparent in reporting currency intervention activities. The Japanese government publishes daily details every three months, including the total number of interventions each month.

The report also noted that Japan's yen has continued to weaken despite the narrowing gap between US and Japanese interest rates.