US Puts Japan on Notice in Currency Report

http://finance.yahoo.com/news/united-states-puts-japan-notice-065445657.html;_ylt=AnkJJ5dYtsGQTPujrbrNtQuiuYdG;_ylu=X3oDMTRwbWM2ZmIxBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yaWVzIG1peGVkIGxpc3QEcGtnA2I4NmRjMThhLTgwZWItM2FjNC1hNDg0LTM5YzQ2MWFkNTk1YgRwb3MDMQRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyAzU5YTk0Y2QwLWE0MDctMTFlMi05ZjdmLTgxMjM5NTdiNDZjMg--;_ylg=X3oDMTFkcW51ZGliBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3BtaA--;_ylv=3

The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage.
In a semi-annual report on currency practices of major trade partners, the United States also said China's currency remained "significantly undervalued," but again stopped short of labeling the world's second-biggest economy a currency manipulator.
It has been more than 18 years since the U.S. Treasury has designated any country a manipulator. China was labeled a manipulator between 1992 and 1994.