Four coun­tries cited in re­port

Los Angeles Times - - BUSINESS -

The Obama ad­min­is­tra­tion said Ger­many, China, Ja­pan and South Korea are four coun­tries run­ning large trade sur­pluses that need to do more to com­bat weak global growth.

Is­su­ing its lat­est cur­rency re­port, the ad­min­is­tra­tion re­frained from nam­ing any coun­try as a cur­rency ma­nip­u­la­tor. But it did say that China’s cur­rency re­mains “sig­nif­i­cantly un­der­val­ued” and com­plained about South Korea’s ef­forts to keep its cur­rency from strength­en­ing.

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