G-20 Officials Share Concerns over U.S.-China Trade Friction

Economy Politics

Fukuoka, June 8 (Jiji Press)--Group of 20 finance ministers and central bank chiefs shared concerns over U.S.-China trade friction in their discussions on the world economy on Saturday, the first day of a two-day meeting in Japan.

A joint statement to be adopted after Sunday's discussions is expected to reflect the policymakers' recognition that the global economy is faced with various downside risks, including trade friction, while maintaining their assessment that the global economy is expected to recover from the latter half of 2019.

The top finance and monetary officials of the G-20 major advanced and emerging economies gathered in Fukuoka, southwestern Japan.

Speaking at a press conference after Saturday's discussions, Japanese Finance Minister Taro Aso, who chaired the meeting, said that "if uncertainty over U.S.-China trade friction is not dispelled, trust from the markets could be damaged."

A Japanese Finance Ministry source said that "almost all participants expressed concerns" over negative effects on the global economy from the trade friction between the world's largest and second-largest economies.

[Copyright The Jiji Press, Ltd.]

Jiji Press