The G20 meeting of finance ministers and central bank governors of 20 major countries will begin in Brazil on the evening of the 28th, Japan time.
The focus will be on whether they will be able to show a unified stance against risks to the global economy, such as Russia's prolonged invasion of Ukraine, and there will also be interest in what kind of message Bank of Japan Governor Ueda will take on this occasion regarding monetary policy. We are gathering.
The G20 meeting will be held for two days in Sao Paulo, Brazil, and will be attended by Bank of Japan Governor Ueda and Finance Minister Kanda.
Finance Minister Suzuki will not participate in order to deal with the Diet.
The meeting is expected to discuss risks to the global economy, including Russia's invasion of Ukraine, the situation in the Middle East and its impact on shipping.
In addition, opinions are expected to be exchanged on the debt problem of developing countries, which is becoming more serious due to fiscal spending during the coronavirus pandemic, and on issues of poverty and inequality, which are a priority for Brazil, the host country.
Two years have passed since the Russian invasion, but the G20 continues to be unable to align itself, and the focus is on whether each country can demonstrate a unified stance.
Also, at the meeting, Bank of Japan Governor Ueda will explain Japan's economic situation, and will hold a press conference after the meeting.
Governor Ueda has recently acknowledged that the Bank of Japan's 2% price stability target is ``more likely to be achieved'' and has also stated that the Japanese economy is ``in a state of inflation, not deflation.'' .
There is a widespread view in the market that the end of the negative interest rate policy is imminent, and interest is also growing in what kind of message Governor Ueda will make regarding monetary policy.