Financial leaders from the United States and other Group of Seven (G7) nations will find ways on Saturday to ease market fears over a credit crunch from the U.S. subprime crisis, Japanese Finance Minister Fukushiro Nukaga said Friday.
Nukaga, who will co-chair the G7 meeting in Tokyo together with Japan's central bank chief Toshihiko Fukui, said that "it is important that we work together and send a message to stabilize the financial markets and keep the global economy growing."
The minister said that during the one-day meeting, the financial leaders will talk about information disclosure at financial institutions and ways to cover their losses in an effort to soothe market participants.
The G7 meeting will be participated by finance ministers and central bank governors from Britain, Canada, France, Germany, Italy, Japan and the United States.
Following the meeting session, the financial leaders are expected to hold a dinner with delegates from China, South Korea, Indonesia and Russia to discuss the impact of the U.S. economic slowdown on emerging economies.
Source: Xinhua
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