Finance Minister Taro Aso said on Tuesday that Japan wants to seek a response to the global market turmoil stemming from risk aversion when the Group of 20 finance leaders meet in Shanghai this week.
“We want to consider ways to firmly respond to the global economic situation, which has been the factor behind market fluctuations,” Aso told reporters after a cabinet meeting.
The G20 will discuss China’s structural problems such as excess capacity and excess credit, U.S. monetary policy and its communication with the market, and oil price declines, he added.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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