Japan – Leaders of the world's three main economies — the U.S., China and Japan — all pledged Saturday to push for free trade, it seems that putting aside acrimony over a currency that threatens to revitalize weight to raise trade barriers.
The promise not to backslide into retaliatory trade tactics came at an annual peak of Pacific Rim leader, just a day after a discordant summit of the Group of 20 major economies in South Korea.
Speaking to a meeting on the sidelines of the summit of the Asia-Pacific Economic collaboration forum in Yokohama, Chinese President Hu Jintao vow to keep his country's markets open and seek more fair trade, while gradually adjusting the value of the Chinese currency — which Washington complains is undervalue.
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