Japanese Prime Minister Shinzo Abe, talking up what he calls parallels to the global financial crisis that followed the 2008 Lehman Brothers bankruptcy, said the G-7
"shares a strong sense of crisis" about the global outlook.
There were no particular questions raised at the G-7
," Aso told reporters when asked about discussions on exchange rates at the meeting.
US Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke participated in the G-7
Since our last meeting, there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability,'' the G-7
financial leaders said in a joint statement issued after their one-day meeting.
meeting will bring together finance ministers and central bank chiefs from the G-7
nations -- Britain, Canada, France, Germany, Italy, Japan and the United States.
25, the G-7
decided to establish a "new mechanism" to discuss ways to overhaul the international financial system.
nations propose to split meetings attended by the Governors of the Central Banks of the seven member countries.
However, in market participants' view, such expectations diminished when the June 20 meeting of the Deputies of the Manila Framework Group and the G-7
Deputies in Tokyo concluded with no new public commitments from Japanese officials.
The ministerial meeting of the G-7
nations -- Britain, Canada, France, Germany, Italy, Japan and the United States -- and Russia is expected to take up as its agenda the market outlook, the competitive framework in the energy sectors, and the environment, they said.
On Thursday morning, appearing subdued and even distant, Clinton stopped in the medieval hillside village of Perouges - liberated by American GIs in 1944 - to lobby his counterparts at the annual G-7
economic summit to take up the cause.
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When contacted an official of CDA's complaint office at G-7
, he said the concerned officials would check the problem and resolve it as soon possible.