Japanese Finance Minister Aso Wants G20 to Respond to Turmoil

Finance Minister Taro Aso said on Tuesday that Japan wants to seek a response to the global market turmoil stemming from risk aversion when the Group of 20 finance leaders meet in Shanghai this week.

“We want to consider ways to firmly respond to the global economic situation, which has been the factor behind market fluctuations,” Aso told reporters after a cabinet meeting.

The G20 will discuss China’s structural problems such as excess capacity and excess credit, U.S. monetary policy and its communication with the market, and oil price declines, he added.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza