Japan hopes for G7 agreement on establishing new supply-chain scheme

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Japan hopes for G7 agreement on establishing new supply-chain scheme
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TOKYO : Japan is aiming to lead the Group of Seven financial leaders to agree on establishing a mutually beneficial partnership between low and middle-income nations and advanced countries to strengthen global supply chains, Japanese officials said on Tuesday.The officials unveiled the plan ahead of the G

TOKYO : Japan is aiming to lead the Group of Seven financial leaders to agree on establishing a mutually beneficial partnership between low and middle-income nations and advanced countries to strengthen global supply chains, Japanese officials said on Tuesday.

"We are aiming to diversify supply chains so that they won't be concentrated in particular countries such as China," one official told Reuters. To achieve that end, the G7 will coordinate efforts with like-minded countries and institutions such as the World Bank.

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