Japan finmin Aso says to seek G20 response to market turmoil

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Reuters TOKYO
Last Updated : Feb 23 2016 | 5:57 AM IST

TOKYO (Reuters) - Finance Minister Taro Aso said on Tuesday that Japan wants to seek a response to the global market turmoil stemming from risk aversion when the Group of 20 finance leaders meet in Shanghai this week.

"We want to consider ways to firmly respond to the global economic situation, which has been the factor behind market fluctuations," Aso told reporters after a cabinet meeting.

The G20 will discuss China's structural problems such as excess capacity and excess credit, U.S. monetary policy and its communication with the market, and oil price declines, he added.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

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First Published: Feb 23 2016 | 5:41 AM IST

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