The U.S. dollar raised in Currency Trading, b because of a growth of positive expectations in U.S. jobs report helped it hit a four-month high against a struggling Japanese yen; Naoto Kan (Japanese finance minister) said many Japanese firms were in favor of a dollar/yen around 95 yen, higher than the pair traded in late 2009. A weaken yen definitely increases competitiveness of Japanese`s exports.

Reducing imports from China probably would not cut the U.S. trade deficit because the United States would pay more for imports from other countries, World Bank chief economist Justin Yifu Lin said on Thursday.

Instead, Lin said addressing income disparities between China's urban and rural areas would do more to address global imbalances and to spark more domestic consumption.

Since the United States produces few of the goods it buys from China, Lin said it would have to pay more to import those goods from elsewhere, reducing American living standards.