The G20 (Finance Ministers and Central Bank Governors Meeting of 20 major countries), which is being held in Brazil, has concluded its first day of discussions, and opinions are expressed on matters such as the prolonged Russian invasion of Ukraine and the impact of the tense situation in the Middle East on the world economy. We exchanged
The G20 meeting opened on the night of the 28th Japan time in São Paulo, Brazil, and was attended by Bank of Japan Governor Ueda and Finance Minister Kanda.
The conference is scheduled to be held over two days, with the first day focusing on global economic risks such as food and energy issues due to Russia's prolonged invasion of Ukraine, tensions in the Middle East and its impact on shipping, as well as national and ethnic groups. There was a discussion about the economic disparity between the two countries.
Opinions were also exchanged on the impact of interest rate hikes that countries in Europe, the United States, and other countries have been promoting to combat inflation, and Governor Ueda also appeared to explain Japan's price situation and monetary policy.
The G20 continues to be unable to align itself due to differences in stance regarding Russia's invasion of Ukraine, etc., and the focus will be on whether each country can demonstrate a unified stance.
Meanwhile, a meeting of the G7 = seven major countries was held locally prior to the G20 meeting.
In addition to confirming the continued unwavering support for Ukraine, it appears that the two sides also discussed support measures, including the use of Russian assets frozen due to financial sanctions.