G20 = Finance Ministers and Central Bank Governors Meeting of 20 major countries opened in Bengaluru, India.
One year after the invasion of Ukraine, the focus will be on how far each country can show a unified stance in dealing with the global economy, which is affected by sanctions against Russia and soaring energy and food prices.
The G20 meeting was attended by Finance Minister Suzuki and Bank of Japan Governor Kuroda from Japan and opened just before 1pm Japan time.
At the conference, opinions are expected to be exchanged on the impact on the global economy of the soaring energy and food prices following Russia's invasion of Ukraine and the monetary tightening that is being promoted around the world to curb inflation caused by it. .
Another important theme is the debt problem of emerging countries, which has been exacerbated by inflation and interest rate hikes.
At the G20 Summit in November last year, a summit declaration was compiled that included the opinions of countries with different positions and stated that "most countries strongly condemned the war in Ukraine."
However, at the G20 Finance Ministers and Central Bank Governors Meeting, conflicts of opinion are expected between Western countries and Russia over sanctions against Russia.
The focus of this conference, which will be held one year after the invasion of Ukraine, is how far the G20 can show a unified stance.