
We can't even pretend to know the first thing about currency manipulation, so we won't bother trying to explain how artificially depreciated currency can help imports into the U.S. market. But American manufacturing groups have long accused the governments of China, Japan and South Korea of manipulating their currency to gain an bigger foothold in the U.S. market, and domestic automakers say Japan and South Korea in particular have been artificially depreciating their currency for years. Earlier this month, The American Automotive Policy Council, which represents General Motors, Ford and Chrysler, met with Obama Administration auto task force head Ron Bloom about the manipulation of the Japanese yen and Korean won, and now the AAPC is talking with members of Congress.







