Financial Insights That Matter
Finance ministers and central bank governors from the Group of 20 economies began their two-day meeting in Cape Town, South Africa, on Wednesday.
Bank of Japan Governor Ueda Kazuo and State Minister of Finance Saito Hiroaki are among the delegates.
The first day’s agenda is the global economy and the outlook and risks at a time when US President Donald Trump is imposing new trade tariffs.
They’re also likely to talk about new rules for international taxation, such as appropriate taxes for IT giants.
Japan wants to underline the importance of free trade and investment amid growing geopolitical tensions such as in the Middle East.
At their previous meeting in October, G20 financial leaders concurred on the outlook for “good prospects of a soft landing of the global economy.”
US Secretary of the Treasury Scott Bessent has skipped this meeting.
The focus is on whether the participants can display a coordinated stance.
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