Japan tells U.S. can't link monetary policy to trade: finance minister Aso

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin and Japanese Finance Minister Taro Aso attend the IMF and World Bank's 2019 Annual Spring Meetings, in Washington, April 13, 2019. REUTERS/James Lawler Duggan

Aso, who met Mnuchin on the eve of a summit between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe in Washington, said the two countries also agreed that exchange-rate matters would be discussed between financial authorities. Mnuchin had said in the past that in future trade deals, including one with Japan, Washington would like to include a provision to deter currency manipulation. Tokyo has resisted the idea.

Aso declined to comment when asked whether, in his meeting with Mnuchin, the U.S. side had made demands to include a currency provision in trade deals between the two countries.

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