Tag Archives: global economic imbalances

Japan pleased with G-20 deal on global economic imbalances

Japanese Finance Minister Yoshihiko Noda hailed Saturday an agreement by the Group of 20 leading economies on global economic imbalances, saying a broad accord was reached.

Referring to an envisioned schedule of drawing up a mutual assessment plan to reduce economic imbalances through November, when the G-20 leaders gather for the summit in France, Noda told a news conference after the two-day ministerial meeting in Paris, "As a start toward November, we had good discussions."

He declined to unveil the detail negotiation process on the matter, saying the agreed set of tools is in line with what Tokyo wanted.

Noda also indirectly urged China and other emerging economies to keep working together on forming the mechanism to tackle economic imbalances.

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http://www.youtube.com/watch?v=hPKgNQsSRcU