Finance Minister Shunichi Suzuki said on Tuesday that Japan would chair a Group of Seven (G7) financial leaders' meeting on Wednesday in Washington to discuss the global economy and financial markets, the strengthening of supply chains and the Ukraine crisis, Trend reports citing Reuters.
The G7, which includes Britain, Canada, France, Germany, Italy, the United States and Japan, is expected to reaffirm its solidarity in providing financial support for Ukraine and sanctions against Russia, Japanese officials have said.
Suzuki said Japan wanted to explain its financial support for Ukraine to G7 peers, as Tokyo proceeds with legal revisions needed to provide loans and other measures to back the war-torn country.
"As we lead the debate as G7 chair, we will exchange frank opinions about recent market developments and inflation and want to maintain close coordination on international cooperation in strengthening of supply chains," Suzuki added. He was speaking to reporters shortly before leaving for Washington.
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The G7 financial leaders' meeting will be held on the sidelines of
International Monetary Fund and World Bank annual gatherings.