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Japan to host G-7 confab in Tokyo in Feb.: Miyazawa
Japan Policy & Politics, Oct 11, 1999
TOKYO, Oct. 6 Kyodo
Finance Minister Kiichi Miyazawa said Wednesday a meeting of finance ministers and central bank governors from the Group of Seven (G-7) major industrial powers, slated for next February, is likely to be held in Tokyo.
While the G-7 meeting is held three times a year, Japan has never hosted it before. Two of the meetings are held in Washington in spring and autumn.
Miyazawa told reporters that it has become "customary" for the host country of the annual summit of Group of Eight (G-8) leaders to hold the remaining G-7 finance gathering for the year.
The G-7 groups Britain, Canada, France, Germany, Italy, Japan and the United States. The G-8 comprises the G-7 plus Russia.
Next year's G-8 leaders' summit will be held in Okinawa in July.
Commenting on the G-7 meeting in Washington in September, where Japan called for concerted currency market intervention to arrest the yen's steep appreciation, Miyazawa said the response of other G-7 nations has been "fine," indicating that he expects joint market intervention if the yen strengthens further.
COPYRIGHT 1999 Kyodo News International, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
