NIIGATA, Japan – The finance chiefs of the Group of Seven 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.
In Niigata on Thursday, United States Treasury Secretary Janet Yellen said that top of the G-7’s priority was to mitigate geostrategic risks and counterThe G-7 comprises Britain, Canada, France, Germany, Italy, Japan and the US. The European Union is a “non-enumerated” member without right to the rotating presidency.
Other issues on the meeting agenda on Friday include ways to safeguard financial stability from bank runs. Three regional US lenders – Silicon Valley Bank, Signature Bank and First Republic Bank – have collapsed since March. The G-7 finance chiefs are also set to discuss topics such as climate change and the debt trap among developing countries.
Mr Suzuki had said on Thursday that Japan will mobilise US$1 billion via the state-owned Japan Bank for International Cooperation to help countries neighbouring Ukraine accept refugees from the country.Moscow’s circumvention of sanctions, including through third-party loopholes, has been a headache for the G-7.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crises from Ukraine to banking await G-7 finance ministersThe talks are a chance to set out a vision for financial stability before the G-7 leaders meet. 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 »
China and US debt woes may dominate G7 finance chiefs' talksTOKYO : China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country - but also try to get Beijing's cooperation in solving global debt problems.The conflicting goals come on top of vulnerabilities the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China and US debt woes may dominate G7 finance chiefs' talksTOKYO: China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country - but also try to get Beijing's cooperation in solving global debt problems. The conflicting goals come on top of vulnerabilities the G
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 »