Will Takaichi's 'Abenomics' weaken the yen and raise the ire of Trump? [MSNBC.com]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
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Source: MSNBC.com
The late Shinzo Abe (L) and Sanae Takaichi (R) at a science and technology innovation conference in Tokyo on October 22, 2014.Toshifumi Kitamura | Afp | Getty ImagesFor years, U.S. President Donald Trump has accused Japan of engaging in "unfair trade practices" — a criticism that dates back to his days as a real estate mogul.In March, Trump again singled out Japan, alleging that Tokyo weakened its currency to gain an unfair trade advantage. "I've called the leaders of Japan to say you can't continue to reduce and break down your currency," he said.Then–Prime Minister Shigeru Ishibareportedly toldNow, as Abe's protégé,Takaichi has been widely labeled as an apostle of "Abenomics," the economic strategy of Abe, which espoused loose monetary policy, fiscal spending and structural reforms.During last year's ruling Liberal Democratic Party leadership race, she criticized the Bank of Japan's plan to raise interest rates and, by extension, strengthen the yen.Markets have responded with the so
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- 12/4/25 - Form 6-K
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