REUTERS
April 15, 2022 at 14:42 JST
Finance Minister Shunichi Suzuki speaks at a news conference on March 8. (Asahi Shimbun file photo)
Japan is preparing to attend a gathering of financial leaders from the Group of 20 economic powers next week, its finance minister said on Friday, as Western nations sought the expulsion of Russia from the forum and said they would skip sessions where Moscow is represented.
Shunichi Suzuki said Japan “is not in the position to respond to each country’s participation,” when asked about Russia’s plans to join the forum online, which G-20 chair Indonesia announced on Thursday.
Japanese officials are keen to have their minister go to Washington next week when G-20 takes place on April 20 on the sidelines of IMF/World Bank spring gatherings. Suzuki was not able to attend the previous meeting in February.
“The G-20 meeting is a very important conference to discuss various issues of the global economy, including rising food and energy prices due to Russia’s invasion of Ukraine,” Suzuki told a news conference.
Last week, U.S. Treasury Secretary Janet Yellen said the United States will boycott some G-20 meetings if Russian officials show up. German Finance Minister Christian Lindner has called for rejection of any form of cooperation with Russia at the G-20.
Meanwhile, Japan “will take appropriate steps” in close cooperation with G-7 allies and Indonesia, based on a March G-7 leaders’ statement that said international platforms should not continue relations with Russia in a business-as-usual manner, Suzuki added.
Suzuki and his American counterpart Yellen are likely to meet next week on the sidelines of the G-20 gathering, Kyodo news agency reported on Friday.
Currencies could be among possible topics, after the two sides affirmed last month close communication between their currency authorities. The yen hit a 20-year low against the dollar on Wednesday.
A weak yen can be “bad” for Japan’s economy if rising costs of raw materials cannot be passed onto prices of goods sold, and if the price inflation outstrips wage growth, Suzuki said on Friday, clarifying his recent remark about the Japanese currency.
Here is a collection of first-hand accounts by “hibakusha” atomic bomb survivors.
A peek through the music industry’s curtain at the producers who harnessed social media to help their idols go global.
Cooking experts, chefs and others involved in the field of food introduce their special recipes intertwined with their paths in life.
A series based on diplomatic documents declassified by Japan’s Foreign Ministry
A series about Japanese-Americans and their memories of World War II