– 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 bloc of wealthy industrialised democracies in Niigata, where the Republic has been invited as an observer.in the coastal city in central Japan is expected to focus on such issues as strengthening the global economy and supply chains in the wake of such shocks as Russia’s invasion of Ukraine and turmoil in the financial industry.
Singapore’s Ministry of Finance said in a statement on Thursday that the Niigata meeting will “discuss ways to strengthen economic and financial cooperation between emerging markets and developed economies”.The G-7 consists of Britain, Canada, France, Germany, Italy, Japan, and the United States. The European Union is a “non-enumerated member” that cannot host or chair a summit.
On the agenda of the Niigata meeting, which will be presided over by Japan’s Finance Minister Shunichi Suzuki and Bank of Japan Governor Kazuo Ueda, are such issues as sanctions against Russia andUS Treasury Secretary Janet Yellen will attend the Niigata session, with the impasse over Washington’s debt limit threatening President Joe Biden’s in-person attendance at the Hiroshima summit.
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