G20 Concerns over prolonged trade friction such as the US and China 14:03 on October 18
The first day of discussions at the G20 = financial ministers and central bank governors' meetings in Washington Opinions were exchanged on the outlook for the world economy at the meeting, and emerging countries expressed a series of concerns that the world economy could slow down further if trade friction in the United States and China increased.
The G20 Finance Ministers and Central Bank Governors Meeting started on the morning of the 18th, Japan time, and on the first day we exchanged opinions on the current state of the global economy. Against the backdrop of trade disputes between the United States and China, the global economy is feeling a slowdown, and from the 18th, the United States will add high tariffs to agricultural products imported from the European Union as a retaliation for trade disputes over aircraft. Etc. Trade conflicts are spreading.
At the meeting, there were a series of concerns that the world economy could slow down further if trade friction between the US and China, especially in emerging countries, was prolonged.
After meeting, Deputy Prime Minister and Finance Minister Aso said to the reporters, “The US-China trade friction has eased the tension, but I don't know what will happen. I need to watch carefully.” .
Meanwhile, during the meeting, Vice Prime Minister Aso reported to the countries that the impact on the economy was not as great as when the tax rate was raised five years ago as a result of the policy response to the increase in the consumption tax rate that began this month. And asked for understanding.
The G20 meeting is scheduled to be held on the second day from the night of the 18th of Japan time, and it is expected to exchange opinions on the restrictions on the cryptocurrency “Libra” etc. that Facebook is planning to issue.