Deputy Prime Minister and Finance Minister Aso appeals for the need for policies to promote economic structural transformation at the G7

G7 = A meeting of finance ministers and central bank governors of seven major countries was held to discuss measures for the recovery of the world economy, which was severely damaged by the impact of the new coronavirus.

At the meeting, Deputy Prime Minister and Finance Minister Aso stressed the need for policies to encourage a structural transformation of the economy towards post-corona.

The G7 Finance Minister and Central Bank Governor's meeting was held online on the night of the 12th, chaired by the United Kingdom, and was attended by Deputy Prime Minister and Finance Minister Aso and Governor Kuroda of the Bank of Japan from Japan.

At the meeting, we discussed measures to recover the world economy, which was severely hit by the new coronavirus, and debt reduction in developing countries, which are in a particularly difficult financial situation.

After the meeting, Minister Aso told reporters, "Infection is relatively suppressed in Japan compared to other countries. In addition to recent support, policies for post-corona economic structure transformation, declining birthrate and aging population I said that we need to tackle structural issues such as. "

In addition, Mr. Yellen of the United States attended this meeting for the first time as the Secretary of the Treasury.

Minister Aso said that discussions on new tax rules for giant IT companies that make profits around the world are "becoming constructive", and the United States and Europe will come together under the Biden administration and the discussions will be settled early. I was particularly excited about it.

US Treasury Secretary "Emphasis on Strengthening Alliances"

Treasury Secretary Janet Yellen said at the meeting that "the United States attaches great importance to deepening international involvement and strengthening alliances," and will work closely with other countries, according to a statement by the U.S. Treasury. It means that he conveyed his diplomatic policy.

In addition, Treasury Secretary Janet Yellen has announced that he will continue to mobilize public finances for the recovery of the world economy and that he will change the policy of the previous administration and be actively involved in the field of climate change countermeasures.