Financial leaders of Group of Seven met Saturday in Tokyo to discuss global economic conditions, with a focus on measures to ease the current financial market turmoil stemming from the U.S. subprime crisis.
The finance ministers and central bank governors from Britain, Canada, France, Germany, Italy, Japan and the United States are expected to make a statement at the closing of the one-day gathering in an effort to ease extensive fears over the health of U.S. and world economy.
An advisory panel of the Group of Seven leading economies will also present a report Saturday on analysis of the causes of global financial market unrest in the wake of the U.S. subprime mortgage crisis.
Before the opening of the meeting, Japanese Finance Minister Fukushiro Nukaga and U.S. Treasury Secretary Henry Paulson discussed global economy and agreed to work together closely.
Nukaga, who is co-chairing the G7 meeting together with Japan'scentral bank chief Toshihiko Fukui, said Friday that "it is important that we work together and send a message to stabilize the financial markets and keep the global economy growing."
After the meeting session which started at noon, 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
|
Comment
Tell A Friend
Print Format
Save Article