G-20 talks trade, finance as Japan readies for Osaka summit

Bank of Japan Governor Haruhiko Kuroda, center bottom, speak with other participants prior to G20 Finance Ministers’ and Central Bank Governors’ Meeting Saturday, June 8, 2019, in Fukuoka, western Japan.

U.S. Treasury Secretary Steven Mnuchin said in a tweet that he had met with his Japanese counterpart, Finance Minister Taro Aso, and discussed “the ongoing close cooperation between the U.S. and Japan across a number of economic and security issues.” “With prospects for the resumption of China-U.S. talks unclear, there’s a risk that if this is not resolved trust in world markets will be damaged,” Aso said Saturday.

As is typical of pre-summit gatherings, the G-20 officials were haggling over the wording of a communique to be issued as meetings wrap up Sunday. The communique will be incorporated into proposals to be endorsed by the top leaders in Osaka. Much attention at G-20 meetings this year is focusing on how to adapt tax systems and regulation of increasingly digital economies.

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G-20 talks trade, finance as Japan readies for Osaka summitFUKUOKA, Japan - Trade and economy ministers of the Group of 20 major economies met Sunday in Japan to discuss ways to reorder trade rules and finances in an era of technological change and protectionism.
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