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G7 finance ministers to discuss oil, rates, yuan: Japan
AFP
TOKYO
Petroleumworld.com 04 14 06High oil prices, rising interest rates and Chinese currency reform will top the agenda of an upcoming Group of Seven finance ministers meeting, Japan said Friday.
The finance chiefs from Britain, Canada, France, Germany, Italy, Japan and the United States will hold talks in Washington on April 21, just ahead of gatherings of the World Bank and International Monetary Fund.
"As one risk factor (for the global economy) is crude oil prices which remain at high levels, I will closely watch how each G7 countries discusses the issue," Japanese Finance Minister Sadakazu Tanigaki told reporters.
"Global currency developments and interest rates will remain big issues in the G7," added Tanigaki, when asked whether the Chinese yuan's limited flexibility would be a topic at the meeting.
He said Japan would also raise the issue of reform of the International Monetary Fund and the World Bank, as Tokyo pushes for the IMF to give Asia's rising economies a greater say in the running of the fund.
AFP 04 14 06 0741 GMTCopyright © 1994-2006 Agence France-Presse. All Rights Reserved.
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