The finance ministers and central bank chiefs ended three days of talks in Niigata, Japan, with a joint statement pledging to bring inflation under control while aiding those suffering the most from surging prices.
“The international community is facing a historic turning point, facing divisions and conflicts such as Russia’s invasion of Ukraine and Sudan,” Kishida said in a statement issued late Friday. The finance ministers and central bank governors gathered in Niigata face a host of challenges in promoting a strong and stable world economy. A joint statement to be released later in the day was due to reiterate the G-7's condemnation of Russia for its war on Ukraine and its determination to support Ukraine “for as long as it takes.”
The G-7 finance ministers and central bank chiefs said they would discuss ways to prevent what they are calling “economic coercion” by China. That drew sharp retorts from Beijing.