Japan called on Group of 20 counterparts to strengthen coordination to address p...
WASHINGTON - Japan called on Group of 20 counterparts to strengthen coordination to address potential risks to the world economy, as simmering trade tensions and China’s slowdown cloud the global growth outlook.
“I told my G20 counterparts that the group must act with the spirit of global coordination,” Japanese Finance Minister Taro Aso told reporters on Thursday after a dinner of G20 finance leaders. “There was no disapproval to the argument that to address imbalances, global policy coordination was crucial,” the official said.
G20 finance leaders will debate topics Japan proposed, including global imbalances and steps to deal with demographic challenges, on Friday. They will not issue a communique after the meeting, the Japanese official said.
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