12 May 2017
Japan FinMin Aso: G7 must not backpedal on free trade
Japanese Finance Minister Taro Aso crossed the wires following the G7 meeting in Bari, Italy, via Reuters, suggesting that the G7 must not backpedal on the free trade.
Key quotes (via Reuters):
- Did not discuss currencies in bilateral talk with Mnuchin
- Told G7 that cannot be complacent with global economy due to uncertainty over U.S. policies
- Global economy turning for better, outlook brightening
- Told G7 about problems of China's excessive credit
- Asked IMF to monitor china's capital controls
- Told Mnuchin North Korea situation critical for Japan, flagged risk of massive refugees in case of contingency there