Automakers urge U.S. fight Japan's actions to weaken yen

Newswire

WASHINGTON, Jan 17 (Reuters) - U.S. auto manufacturers on Thursday urged the Obama administration to fight Japanese efforts to revive their economy by weakening the yen to boost exports. Japan is stuck in its fourth recession since 2000 and its export-reliant economy is suffering from a strong yen. New Japanese Prime Minister Shinzo Abe has put pressure on the Bank of Japan to further ease monetary policy, which would put downward pressure on the yen, by ...

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