NIIGATA, Japan : Finance leaders of the Group of Seven advanced economies agreed to create a scheme to diversify global supply chains that will"contribute to safeguarding energy security," according to a final draft of their communique seen by Reuters.
The G7 finance chiefs also called for the need to"remain vigilant, stay agile and flexible" in guiding policy amid heightened uncertainty about the global economic outlook, the draft showed.On banking-system woes, the draft communique said the financial system was"resilient" due to financial regulatory reforms implemented after the 2008 global financial crisis.
"We will address data, supervisory, and regulatory gaps in the banking system," the draft communique said. The G7 finance leaders, who gathered for a three-day meeting in the Japanese city of Niigata, will release the communique later on Saturday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DPM Lawrence Wong in Niigata, Japan, for G-7 meeting of finance chiefsNIIGATA, Japan – Singapore’s Finance Minister and Deputy Prime Minister Lawrence Wong will attend a meeting of finance chiefs and central bank governors from the Group of Seven (G-7) bloc of wealthy industrialised democracies in Niigata, where the Republic has been invited as an observer. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
China, Russia loom large over G-7 Finance Ministers Niigata meetingNIIGATA, Japan – The finance chiefs of the Group of Seven (G-7) bloc of wealthy industrialised nations will discuss on Friday ways to beef up resilience in supply chains, so that developing countries can wean off their reliance on China for critical products. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
DPM Wong to visit Japan for G7 meeting of finance ministers, central bank governorsSINGAPORE: Deputy Prime Minister and Finance Minister Lawrence Wong will visit Niigata, Japan, from Thursday (May 11) to Saturday to attend the Group of Seven (G7) Finance Ministers and Central Bank Governors' M
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BOJ's Ueda: G7 finance chiefs to debate financial system risksNIIGATA, Japan : Calm has returned to the global financial system after the recent failure of several U.S. banks, but Group of Seven (G7) finance leaders will communicate closely to respond to any renewed instability, Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday.Ueda also said there was no ser
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US debt standoff overshadows G7 finance leaders' meetingNIIGATA, Japan : A standoff over raising the U.S. debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders set to begin on Thursday, heightening U.S. recession fears as central banks seek a soft landing for the global economy.President Joe Biden piled pressure on Republican lawmakers on
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »