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G20 to discuss Brexit fallout www3.nhk.or.jp
Finance ministers and central bank chiefs from the Group of 20 economies will discuss ways to minimize the fallout from Britain's decision to leave the European Union.
The officials will hold their first meeting since the Brexit vote in the Chinese city of Chengdu on Saturday and Sunday.
The agenda is expected to include trends in financial markets, a US interest rate hike, and global risks such as the slowdown in China and other emerging economies.
The Brexit vote has sparked turmoil and uncertainty in markets. The Japanese yen surged against the dollar to its highest level in more than two and a half years as investors seeking safe haven bought the currency.
The International Monetary Fund has cut its growth forecast for the 19-member eurozone for the next year by 0.2 percentage points to 1.4 percent.
Japanese Finance Minister Taro Aso said last week that countries should do what they can to minimize the impact of the Brexit vote. But he said too many factors remain unclear. He said he first wants to listen to EU and British officials.
Published Date:2016-07-19
