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According to the report, the Group of Seven major countries should unite in responding to China's tighter rare earth export controls, Japanese Finance Minister Katsunobu Kato said Wednesday. He revealed his comments, made at a meeting of the seven nations' finance and central bank chiefs in Washington, in talks with reporters after the session.
The report also stated that Japan is strongly concerned about the Chinese measure. The meeting did not adopt a joint statement, as per the statement of Kato. Earlier Wednesday, Kato and US Treasury Secretary Scott Bessent held a bilateral meeting for some 30 minutes, reaffirming the content of their statement adopted in September, which said, among other things, that fiscal and monetary policies "will not target exchange rates for competitive purposes
In addition to the report, at the G-7 meeting, Kato, Bank of Japan Governor Kazuo Ueda, and other participants discussed measures to support Ukraine. The meeting among Britain, Canada, France, Germany, Italy, Japan, and the United States, plus the European Union, came at a time when resurging friction between the US and China over the latter's tighter rare earth export controls is becoming a destabilizing factor for the global economy.
The participating officials are also expected to examine risks in the financial markets and discuss debt issues of developing countries.
Source: PNA/Jiji Press
The report also stated that Japan is strongly concerned about the Chinese measure. The meeting did not adopt a joint statement, as per the statement of Kato. Earlier Wednesday, Kato and US Treasury Secretary Scott Bessent held a bilateral meeting for some 30 minutes, reaffirming the content of their statement adopted in September, which said, among other things, that fiscal and monetary policies "will not target exchange rates for competitive purposes
In addition to the report, at the G-7 meeting, Kato, Bank of Japan Governor Kazuo Ueda, and other participants discussed measures to support Ukraine. The meeting among Britain, Canada, France, Germany, Italy, Japan, and the United States, plus the European Union, came at a time when resurging friction between the US and China over the latter's tighter rare earth export controls is becoming a destabilizing factor for the global economy.
The participating officials are also expected to examine risks in the financial markets and discuss debt issues of developing countries.
Source: PNA/Jiji Press