Operations began in Tokyo in talks to revive the slowing global growth

I believe there is more to this meeting than the article is telling us!


5/21/2016 0:00

TOKYO - Agencies
Top financial officials in the countries of the Group of Seven began on Friday in Japan two days of discussions during which ways to seek re-moving the slowing global growth, as detached from the issue of the recent volatility in the exchange markets.

It will be a matter of finding the right balance between easy monetary policy and fiscal policy to revive the heart of the talks on the efforts required from each of the seven major industrialized nations, along with the issue of the necessary structural reforms to ensure sustainable growth.

And proceeded finance ministers and governors of central banks in Japan, the host country of the meeting, the United States, France, Germany, Britain, Italy and Canada, as well as the Director-General of the International Monetary Fund Christine Lagarde and the governor of the European Central Bank Mario Draghi, their deliberations Friday hearing in a closed session of the analyzes of seven senior economists. And will seek finance officials meeting in Akio, in the small northeastern Japan Sendai area resort, to ward off the risk of a «currency war» movement as Japan recently dangled the possibility of intervention in the exchange markets about the rising yen, which weakens the ability of the economy to competition.

He ruled out French Finance Minister Michel Saban since the eve of the meeting any possibility that any of the countries used a weapon exchange rates to give the economy a competitive edge over other countries, stressing that there would be no «currency war».

Business meeting agenda also includes the issue of tax evasion recent movement «Panama securities scandal.» The Group of Seven plans in this regard the support of a declaration made in mid-April for a meeting of finance officials of the Group of Twenty, which includes, along with the seven major countries emerging nations

The Financial Group of Twenty meeting in Washington, stressed once again «priority financial transparency». It is expected to be issued a joint declaration on all the research points at the conclusion of the meeting, but he will be issued a plan of action to combat the financing of terrorism, which has been intensified following the attacks in Paris November 13.


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