United States puts Japan on notice in currency rep

By Anna Yukhananov WASHINGTON (Reuters) - 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. ...