Japan cautious on global economy, urges support for poor nations
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TUESDAY, JUNE 28, 2022
Japan cautious on global economy, urges support for poor nations

World+Biz

Reuters
26 February, 2021, 10:00 pm
Last modified: 26 February, 2021, 10:04 pm

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Japan cautious on global economy, urges support for poor nations

“To support low income countries, Japan will back a new allocation of SDRs (Special Drawing Rights)”

Reuters
26 February, 2021, 10:00 pm
Last modified: 26 February, 2021, 10:04 pm
FILE PHOTO: Japan's newly-appointed Finance Minister Taro Aso speaks at a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon
FILE PHOTO: Japan's newly-appointed Finance Minister Taro Aso speaks at a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon

The global economy warrants caution due to uncertainty over coronavirus vaccinations and variants, though Japan's economy shows signs of recovery with low infections, Japanese Finance Minister Taro Aso said on Friday.

Speaking to reporters after attending a virtual meeting of Group of 20 financial leaders, Aso also urged the major economies to unite in backing low income countries given widening disparities of economic growth and vaccinations.

"To support low income countries, Japan will back a new allocation of SDRs (Special Drawing Rights)," Aso said, referring to the International Monetary Fund's resources.

Japan / cautious / Global economy / support / Poor countries

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