ID :
23758
Fri, 10/10/2008 - 20:00
Auther :
Shortlink :
https://oananews.org//node/23758
The shortlink copeid
Japan ready to host G-8 summit to deal with financial crisis: Aso
TOKYO, Oct. 10 Kyodo - Japan is ready to host a meeting of leaders from the Group of Eight major industrial countries and others if necessary to deal with the widening global financial crisis, Prime Minister Taro Aso told reporters Friday.
While saying that he would like to see the outcome of the meeting of finance
ministers and central bank governors of the Group of Seven economies to be held
Friday in Washington, Aso said, ''If there is a need to hold a G-8 summit,
Japan is ready to host it.''
He also said that he may not necessarily have to limit the participants to
leaders of the G-8 nations -- Britain, Canada, France, Germany, Italy, Japan,
Russia and the United States -- but added that he has not yet decided actually
how many members he is planning to invite.
Earlier in the day, Aso said that Japan, which hosted an annual G-8 summit in
July, may call for such a meeting if the G-7 economies meeting fails to come up
with support measures for emerging nations.
Aso also expressed his hope that the G-7 financial leaders will discuss the
overall global economy at the meeting, including measures to assist emerging
economies such as China and India in their efforts to deal with the global
financial crisis, adding that Japanese Finance and Financial Services Minister
Shoichi Nakagawa will propose such measures for the emerging economies.
Nakagawa said Thursday night in Washington that, at the one-day G-7 meeting,
Japan will propose creating a scheme under the International Monetary Fund to
offer emergency loans to emerging nations to assist their efforts to deal with
the financial crisis.
The G-7 nations consist of the G-8 members minus Russia.
Aso also said his administration, after seeing recent stock plunges, will speed
up its move to compile additional economic measures to combat the financial
crisis.
''I've already asked the ruling parties to come up with such measures but I may
have to press them to find an answer quickly,'' he said, adding that stocks
have dropped to a level that may greatly affect the real economy.
While saying that he would like to see the outcome of the meeting of finance
ministers and central bank governors of the Group of Seven economies to be held
Friday in Washington, Aso said, ''If there is a need to hold a G-8 summit,
Japan is ready to host it.''
He also said that he may not necessarily have to limit the participants to
leaders of the G-8 nations -- Britain, Canada, France, Germany, Italy, Japan,
Russia and the United States -- but added that he has not yet decided actually
how many members he is planning to invite.
Earlier in the day, Aso said that Japan, which hosted an annual G-8 summit in
July, may call for such a meeting if the G-7 economies meeting fails to come up
with support measures for emerging nations.
Aso also expressed his hope that the G-7 financial leaders will discuss the
overall global economy at the meeting, including measures to assist emerging
economies such as China and India in their efforts to deal with the global
financial crisis, adding that Japanese Finance and Financial Services Minister
Shoichi Nakagawa will propose such measures for the emerging economies.
Nakagawa said Thursday night in Washington that, at the one-day G-7 meeting,
Japan will propose creating a scheme under the International Monetary Fund to
offer emergency loans to emerging nations to assist their efforts to deal with
the financial crisis.
The G-7 nations consist of the G-8 members minus Russia.
Aso also said his administration, after seeing recent stock plunges, will speed
up its move to compile additional economic measures to combat the financial
crisis.
''I've already asked the ruling parties to come up with such measures but I may
have to press them to find an answer quickly,'' he said, adding that stocks
have dropped to a level that may greatly affect the real economy.
