Latest news with #imbalances
Bloomberg
18-07-2025
- Business
- Bloomberg
Japan's Kato Says Tariffs Not Right Tool to Fix Trade Imbalances
Japan told Group of 20 countries that tariffs aren't the right way to fix imbalances, and that countries facing such situations need to address them through domestic efforts, according to Finance Minister Katsunobu Kato. 'Japan said that tariffs aren't really the right tool to fix excessive current accounts imbalances,' Kato told reporters Thursday. US Treasury Secretary Scott Bessent did not attend the gathering.
Bloomberg
22-05-2025
- Business
- Bloomberg
G-7 Draft Text Warns of ‘Excessive Imbalances' in Global Economy
Financial ministers and central bank governors from the Group of Seven nations pledged to address 'excessive imbalances' in the global economy, a effort clearly aimed at China, though a draft communique seen by Bloomberg News omitted the name of the country. The officials said there was a need for a common understanding of how 'non-market policies and practices' undermine global economic security. They said they agreed 'on the importance of a level playing field and taking a broadly coordinated approach to address the harm caused by those who do not abide by the same rules and lack transparency.'
