International Organizations G7

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  • WASHINGTON, May 19- Leaders from the Group of Seven advanced economies will discuss actions to reduce global industrial overcapacity, with an emphasis on the current steel glut, when they meet in Japan next week, a senior White House aide said on Thursday. Wally Adeyemo, deputy national security adviser for international economics, told a media conference call...

  • *Officials don't see serious harm from current yen levels. TOKYO, May 19- Publicly, Japanese policymakers have railed against the yen's rapid appreciation to 18- month highs, putting investors on high alert against possible intervention in currency markets. International differences over currencies could be a focus at a meeting of Group of Seven finance...

  • SENDAI, Japan, May 19- Global economic uncertainties and measures to deal with tax evasion will be among the key topics that finance leaders of the G7 advanced economies will discuss at a weekend meeting, Japanese Finance Minister Taro Aso said on Thursday. Bank of Japan Governor Haruhiko Kuroda also warned that there are "various challenges" that G7 economies...

  • LONDON, May 18- For world markets, the main focus at this week's Group of Seven meeting in Japan will be how much leeway the host nation is given to boost economic growth and inflation, specifically through depreciation of the yen. Japan's economy is struggling in the face of a stronger exchange rate that has damaged growth, intensified deflation, crushed stock...

  • Japan will host a summit of the Group of Seven advanced economies in western Japan next week, where policy steps to address subdued global growth will be high on the agenda. "This view is shared among Japan, the United States, Canada, Italy, France and the European Union," he said, leaving out Germany and Britain among G7 nations. Abe has struggled to gain consent among...

  • TOKYO, May 18- Japan's economy expanded at the fastest pace in a year in the first quarter on robust private consumption and exports, complicating Prime Minister Shinzo Abe's decision on whether to delay a planned sales tax hike next year. The data also comes ahead of a Group of Seven leaders' summit Abe will host in western Japan next week, where he hopes to foster...

  • *Yen steady as weekend G7 meeting in Japan awaited. The Aussie was up 0.8 percent at $0.7349 after rising as high as $0.7368, pulling decisively away from a two-and-a-half month low of $0.7236 plumbed in the previous session. "The fact that they discussed waiting for more info before cutting in May suggests there is a very low chance of an early follow up, and the...

  • Treasury Secretary Jack Lew, Federal Reserve Chairman Janet Yellen and European Central Bank President Mario Draghi will be among Group of Seven finance leaders gathering in Sendai, northern Japan on May 20-21. Japan has failed to bridge differences with the United States on the yen, with Washington dismissing Tokyo's concerns that recent yen rises are...

  • *Japan repeats willingness to intervene in forex market. NEW YORK, May 16- The yen weakened on Monday as risk appetite improved with the rise in oil prices and Japan, set to host a G7 meeting later this week, again signaled its willingness to intervene in the market to weaken its currency. On top of the risk market rally, Japan threw another intervention warning on...

  • *Japan hosts G7 fin mins on May 20-21. Japan will host a G7 finance ministers and central bankers summit on May 20-21, and there are doubts about how much progress policymakers can make in shifting the global economy out of its current spell of slow growth and low inflation. Earlier this month, Abe travelled to Europe to meet G7 heads in preparation for the meeting in...

  • TOKYO May 14- Japanese Prime Minister Shinzo Abe has decided to delay a sales tax hike set for next April as it would threaten the nation's efforts to beat prolonged deflation, the Nikkei business daily reported on Saturday. Abe is expected to announce the delay after further consideration, including talks with fellow Group of Seven leaders at a summit in...

  • DUBLIN, May 13- Finance ministers from the world's largest developed economies met in Germany a year ago against a backdrop of faltering global growth, scant inflationary pressures and the latest chapter in the Greek debt crisis. Only unusually smooth talks between Athens and its lenders may keep Greece off the agenda this time around. Whether explicitly on...

  • TOKYO, May 12- Japanese shares fell for the first time in four days on Thursday as appetite for riskier assets was hurt by a decline on Wall Street and dismal earnings and forecasts from Japan Inc.. "The strength of the yen against other G7 currencies continues to be a concern," said Martin King, co-managing director at Tyton Capital Advisors. "We're beginning to see...

  • TOKYO, May 10- Finance Minister Taro Aso said on Tuesday that Japan's financial authorities will intervene in the currency market if "one-sided" yen rises persist. "Japan has not and has no plans to manipulate currency moves on a long-term basis," Aso told parliament, though he added that it was a shared understanding among G7 and G20 nations that excessive currency...

  • LONDON, May 5- Japanese Prime Minister Shinzo Abe on Thursday expressed Tokyo's readiness to take "appropriate action" in the currency market to prevent any excessive or speculative rises in the yen. Abe also said that a summit of the Group of Seven to be held in western Japan later this month would discuss the need to coordinate policy action, particularly...

  • MESEBERG, Germany, May 4- Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel said on Wednesday they wanted to avoid turbulence on foreign exchange markets and Abe said Tokyo would act if necessary. "We are observing the currency market and if necessary we will then have to act," said Abe, who was in Germany to prepare with Merkel for an end-May...

  • For G7 member Canada, a major oil and natural gas producer, an oil price fall of some 70 percent since mid-2014 means economic pain, but the Canadian energy minister said that the slump also opened up an opportunity. "In the case of Canada, we have tabled a budget in the House of Commons that will invest significantly in this transition through electric vehicles,...

  • TOKYO, April 13- OECD Secretary-General Angel Gurria pressed on Wednesday for the Group of Seven rich countries to coordinate a a fiscal spending boost to bolster global growth. He told Japan's Prime Minister Shinzo Abe that the fiscal spending did not need to be large, but should focus on infrastructure, education and policies that improve productivity,...

  • BEIJING, April 8- The G20 summit to be hosted by China this year should be about economics and not political issues like territorial disputes, China's foreign minister said on Friday, firing a warning shot ahead of the country's biggest diplomatic event of the year. Japan next month hosts a summit of Group of Seven nations, which China is not a part of, and has...

  • TOKYO, April 4- Influential members of Japan's top economic advisory panel recommended the government take additional measures to boost consumer spending as a looming recession forces Prime Minister Shinzo Abe to roll out more pro-growth policies. Japan will host a Group of Seven summit on May 26-27 and Abe wants to use the event to promote stimulus that...