Finance chiefs of trial issized nations are urging politicians to quickly resolve their differences. The g20 finance ministers and Central Bank Governors wrapped up two days of talks. Their final statement says the World Economy is facing down side risks. It highlights signs of improvement in major industrialized economies and Slower Growth in many emerging nations. The statement focus on the u. S. Budget crisis. It says leaders need to take urgent action to address short term capital uncertainties. Its rare for u. S. Domestic issues to come under scrutiny at a g20 meeting. It sends a strong warning that usa default could seriously affect the World Economy. The statement also says volatility in capital flows remain an important challenge. Investors have been pulling their money out of emerging economies. They speculate policymakers are getting ready to scale back their stimulus measures. Japans foreign minister says his country will sign a u. N. Statement calling for a ban on the use o
He says his new cabinet is taking all the challenges the country faces, including a sluggish economy and last years disaster. Abe explained in his News Conference his cabinet is designed to overcome the crisis. He says reviving the economy is a top priority. Translator a Strong Economy is the basis of japans power. Reviving a Strong Economy is essential to japans future. My cabinet will carry out bold financial policies, welltimed fiscal policies and a strategy to encourage private investment toward Economic Growth. My cabinet will carry out these economic policies and achieve results. Are Prime Minister abe says he and his minister also devote energy to foreign policy. He says they will strengthen diplomatic and security policies. Translator we should rebuild our diplomacy to protect our national interests. We are facing many challenges in our relations with china, south korea and even with the United States on which japans security is based. Strengthening japan ize lie yans is the fi
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