ID :
160084
Thu, 02/10/2011 - 17:13
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https://www.oananews.org//node/160084
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G-20 may discuss imbalances, global monetary system: Noda
TOKYO, Feb. 10 Kyodo - Financial chiefs from the Group of 20 leading economies may discuss next week guidelines to address the global trade imbalances and possible reforms of the international monetary system, Japanese Finance Minister Yoshihiko Noda said Thursday.
The G-20 members are likely to discuss ''what could be employed as measurement or guidelines,'' Noda told reporters, referring to the group's attempt to coordinate efforts to correct the imbalances as some are required to boost domestic demand instead of depending on exports while others see the need to encourage the public to save more money rather than spending it.
G-20 finance ministers and central bank heads are scheduled to meet Feb. 18 and 19 in Paris. Noda and Bank of Japan Governor Masaaki Shirakawa are expected to join the meeting.
Noda also said that France, which will host this year's meetings of the G-20, is eager to discuss how the international monetary system should be -- an issue closely linked to reviewing the dominance of the U.S. dollar as the world's reserve currency and also to taking into account the growing importance of emerging market countries such as China.
''Those will be the main agenda items,'' Noda said.
The G-20 groups Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the European Union.
The G-20 members are likely to discuss ''what could be employed as measurement or guidelines,'' Noda told reporters, referring to the group's attempt to coordinate efforts to correct the imbalances as some are required to boost domestic demand instead of depending on exports while others see the need to encourage the public to save more money rather than spending it.
G-20 finance ministers and central bank heads are scheduled to meet Feb. 18 and 19 in Paris. Noda and Bank of Japan Governor Masaaki Shirakawa are expected to join the meeting.
Noda also said that France, which will host this year's meetings of the G-20, is eager to discuss how the international monetary system should be -- an issue closely linked to reviewing the dominance of the U.S. dollar as the world's reserve currency and also to taking into account the growing importance of emerging market countries such as China.
''Those will be the main agenda items,'' Noda said.
The G-20 groups Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the European Union.
