• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
ABOUT
Advertise in GAT
Contact us
Sunday, June 26, 2022
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
Home Business

New G20 chair Japan wants trade imbalances, aging population on 2019 agenda

Georgia Asian Times by Georgia Asian Times
December 5, 2018
in Business, Headline
Share on FacebookShare on Twitter

Buenos Aires, December 5, 2018 – Japan will put issues ranging from global trade imbalances to the impact of aging populations on the agenda when it chairs next year’s meetings of leaders from the Group of 20 major economies, government officials said.

At the end of the G20 summit in Buenos Aires, Finance Minister Taro Aso unveiled the “priority issues” to be taken up by his counterparts and central bank governors next year when Japan takes over the chairmanship from Argentina.

Japan will host a G20 financial leaders’ meeting in Fukuoka in western Japan on June 8-9, followed by a leaders’ summit in Osaka on June 28-29.

Tokyo will assert that global current account imbalances should be fixed via multilateral policy coordination rather than bilateral trade deals, the officials said. They declined to be identified because they are not authorized to talk to the media.

AD: High Museum of Atlanta

Excessive imbalances should be adjusted by improving the ratio of investment and saving through macroeconomic policy and structural reform, they added.

Global imbalances had once been a key topic at G20 meetings with a focus on each country’s current account balance, or the overall flow of money including, but not confined to, trade.

This approach runs counter to President Donald Trump’s focus on narrowing the U.S. trade deficit using import tariffs and bilateral deals. His “America First” policies and the U.S.-China trade war have overshadowed debates at recent G20 meetings.

Japan’s plans underscore Tokyo’s view that instead of focusing too much on bilateral trade imbalances, there should be more emphasis on overall capital flows and structural factors behind the U.S. deficit – such as a lack of domestic savings.

Saddled with its own aging population and the industrial world’s heaviest public debt burden, Japan will also highlight the issue of aging and its impact on fiscal and monetary policies at next year’s G20 meetings, the officials said.

Bank of Japan Governor Haruhiko Kuroda has said an aging population could pose “serious challenges” for central banks, as it undercuts economies’ growth potential and requires them to use more monetary firepower than before to boost growth.

Also on the agenda under Japan’s G20 chair will be the need to ensure debt sustainability, given rising debt in low-income countries, and to promote high-quality infrastructure investment. – Reuters

Previous Post

Remembering American ‘soldier-statesman,’ dignitaries attend Bush funeral

Next Post

China confident on U.S. trade pact, Trump cites Xi’s ‘strong signals’

Georgia Asian Times

Georgia Asian Times

Related Posts

Toyota recalls electric car for faulty wheel that may detach
Business

Toyota recalls electric car for faulty wheel that may detach

June 26, 2022
Asian American youth encounter struggles with entering the workforce
Business

Asian American youth encounter struggles with entering the workforce

June 20, 2022
Fed attacks inflation with its largest rate hike since 1994
Business

Fed attacks inflation with its largest rate hike since 1994

June 15, 2022
China’s economy grows 8.1% in 2021, slows in second half
Business

World Bank dims outlook for global economy amid Russia war

June 7, 2022
Apple offers glimpse at upcoming changes to iPhone software
Business

Apple offers glimpse at upcoming changes to iPhone software

June 7, 2022
Sen. Ossoff Meets with Key U.S.-Japan Business Leaders in Georgia
Business

Sen. Ossoff Meets with Key U.S.-Japan Business Leaders in Georgia

June 6, 2022
Next Post

China confident on U.S. trade pact, Trump cites Xi's 'strong signals'

Signup Free E-Newsletter

Upcoming Events

Jul 15
6:00 pm - 10:00 pm

GAT 25 Most Influential Asian Americans in Georgia-2022 Awards Gala

Sep 17
September 17 @ 11:00 am - September 18 @ 6:00 pm

JapanFest 2022

View Calendar

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most influential Asian American in Georgia Awards Gala

2022 GAT 25 Most Influential Asian Americans in Georgia

May 1, 2022
Home

Record turnout at annual GAT 25 Most Influential Asian Americans in Georgia-Awards Gala

July 17, 2021

2021 GAT 25 Most Influential Asian Americans in Georgia

April 30, 2021

LINKS OF INTEREST

ATL Asian Film Festival

GAT on Facebook

  • Contact Us
  • Advertise in GAT
  • ABOUT

© 2022 Georgia Asian Times - empowered by 8SOL

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Sports
  • Eat Out
  • Classified
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Usapang Pinoy

© 2022 Georgia Asian Times - empowered by 8SOL

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist