Abstract:The U.S. Treasury Department said Thursday it has once again put Japan on a list of major trading partners that it monitors for potentially unfair foreign exchange practices. According to a June 21 report from Japan's Asahi Shimbun website, the U.S. Department of the Treasury announced on the 20th that Japan has once again been included in its "currency manipulation monitoring list."

The U.S. Treasury Department said Thursday it has once again put Japan on a list of major trading partners that it monitors for potentially unfair foreign exchange practices. According to a June 21 report from Japan's Asahi Shimbun website, the U.S. Department of the Treasury announced on the 20th that Japan has once again been included in its “currency manipulation monitoring list.” Analysts suggest that while the U.S. did not label Japan as a currency manipulator, placing it on the monitoring list serves as a warning. The United States, being the world's largest current account deficit country, closely scrutinizes countries and regions that accumulate significant trade surpluses with the U.S., suspecting deliberate currency depreciation to boost exports.
The U.S. Congress submits a report every six months on major trading partners' currency policies, and Japan has re-entered the monitoring list after a year. In 2023, Japan's trade surplus with the U.S. surged, with its current account surplus exceeding 3% of GDP, meeting the criteria set by the U.S. Treasury for inclusion in the monitoring list. Other countries and regions on the list include Germany, Malaysia, Singapore, Vietnam, mainland China, and Taiwan.
Japanese Finance Minister Taro Aso, speaking at a press conference after a Cabinet meeting on the 21st, commented on Japan being monitored again, stating, “This conclusion is based on mechanical evaluations by the U.S. regarding indicators such as the current account surplus and trade surplus with the U.S., and does not imply that the U.S. believes Japan's currency policy is problematic.”
Simultaneously, regarding Japan's interventions earlier this year to prevent a historic depreciation of the yen, the U.S. Treasury noted in its report, “Japan regularly discloses the results of its interventions, ensuring transparency.” Treasury officials interviewed on the 20th also expressed their view that Japan's currency policy is not problematic, describing Japan's interventions as counteracting competitive devaluation.


India bought a record $15.2 billion of US Treasures in July, lifting its total holdings to $202.6 billion from $186.4 billion in June, according to US Treasury data. The jump is the largest monthly net purchase on record for India, and it comes as China's holdings slid to an 18-year low. The figure was flagged by market commentator @Equities_Fraise on X, who noted the buying usually signals strong overseas capital inflows and RBI facilities pulling money in. The post, which has just 8 likes, points to better forex comfort and global confidence in India flows. The data itself is from the US Treasury's TIC report, released September 16.

An INFINOX review for Indian readers needs to separate the UK firm's regulatory record from the entities named on the current global website. The FCA announced a GBP 99,200 fine in January 2025, while the website checked on 18 September 2026 says its information is not directed at residents of India. These are different facts with different implications; neither should be reduced to a brand-wide safety label.

Hong Kong’s Securities and Futures Commission added SBCFX and related names to its unlicensed-entities alert list on 28 August 2026, identifying www.sbcfx.com. This SBCFX review separates that official warning from a user’s USD937 withdrawal complaint and the broker’s own payment terms. For Indian readers, Hong Kong licensing and permission to offer forex services in India are separate questions.

The NSE action Parker Derivatives 8 September 2026 is a current exchange disciplinary direction, not an expulsion notice. The National Stock Exchange page records a ₹1.5 lakh penalty and tells the member to strengthen supervision of existing Authorised Persons, stop onboarding new Authorised Persons until that work is completed, re-inspect the relevant branch or AP in the next quarter, and comply with prevailing anti-money-laundering rules. Indian clients should distinguish an Authorised Person from the broker itself. The published direction does not say that existing clients must close accounts or that trading membership has been cancelled. Before opening, funding or changing an account, verify the exact firm, website, member status, payment beneficiary and the scope of the latest direction.