South Korea has been excluded from the U.S.’ currency monitoring list for the second consecutive time. 

The U.S. Treasury Department on Thursday released its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.

In the report, the Treasury added Japan to a foreign exchange “monitoring list” alongside China, Vietnam, Taiwan, Malaysia, Singapore and Germany, which were on the previous list. 

South Korea was excluded from the list for the second straight time after it was removed from the list for the first time in seven years in November last year. 

The U.S. Treasury Department evaluates the macroeconomic and exchange rate policies of its top trading partners. If these countries meet two out of three criteria, they are designated as “watchlist” countries. If all three are met, they are considered potential currency manipulators that require “enhanced analysis.”