Japan’s Abe – G7 Sees Need to Boost Demand, Address Supply Constraints

G7 leaders agree on the need to take measures to boost global demand and eliminate factors that hamper productivity amid lingering risks to the world economy, Japanese Prime Minister Shinzo Abe said on Wednesday.

“There are downside risks to the global economy,” such as the fallout from China’s slowdown, Abe said during a debate with opposition party leaders.

“I’ve called on the need to create demand and to remove supply-side constraints,” Abe said, in explaining what he discussed with European leaders during his visit to Europe earlier this month.

Reuters

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.