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Trump fires next salvo, naming China, Japan 'currency manipulators'

Japanese officials deny charge, say market determines forex rates

TAKESHI KAWANAMI and KENTARO IWAMOTO, Nikkei staff writers | China

WASHINGTON/TOKYO -- U.S. President Donald Trump on Tuesday launched a verbal broadside against China and Japan, accusing them of devaluing their currencies to the detriment of Americans.

"You look at what China's doing, you look at what Japan has done over the years. They play the money market, they play the devaluation market and we sit there like a bunch of dummies," he said in a meeting with pharmaceutical company executives.

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