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Business

Japan Asks G7 Summit Focus on Weak Global Economy, Russia and N.Korea

The host of the upcoming G7 summit has asked that a clear message be sent to the world

Japan's Prime Minister Shinzo Abe will host the next G7, Photo: Reuters/Jonathan Ernst.
By Reuters Whatsapp Twitter Facebook Share
1 year ago

WASHINGTON – Japan said on Thursday a summit of Group of Seven (G7) nations it will host in May should send a clear signal that it is prepared to take steps to support the weak global economy.

China's weakening growth is among the resons for concern. Photo: Reuters/Aly Song.

China’s weakening growth is among the reasons for concern. Photo: Reuters/Aly Song.

Yasuhisa Kawamura, who is Prime Minister Shinzo Abe’s spokesman, said weakness in Group of 20 major and emerging economies, especially in China, was expected to remain in 2016 through 2017.

Given that weakness, the G7 meeting should send a “clear message to the world so that those countries will make a contribution to the sustainable growth of the world economy,” he said, speaking on the sidelines of the nuclear security summit in Washington.

He said the G7 summit should also take up “in a strategic way” issues such as global terrorism, Russia, Ukraine’s conflict and the threat posed by North Korea’s nuclear ambitions.

G7 should send a clear message to the world so that those countries will make a contribution to the sustainable growth of the world economy.”
-Yasuhisa Kawamura, Spokesman for Japan’s Prime Minister.

The group, which includes the United States, Italy, Germany, Japan, Britain, France, Canada and France cut Russia from the G8 in 2014 after Moscow annexed Crimea.

The International Monetary Fund forecast in January that global economic activity was uneven and likely to pick up to 3.4 percent this year and 3.6 percent in 2017, from 3.1 percent in 2015. Both forecasts for this year and next were revised downward by 0.2 percentage point.

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