Japanese Finance Minister Said The G-7 Agreed On Concerted Action.
Japanese finance minister Yoshihiko Noda said 8
the Seven Powers
Group members agreed on coordinated action and financial market stability.
Noda Kahiko held an emergency press conference after ending the conference call of finance ministers and central bank governors of the group of seven.
He said that the G-7 clearly stated in the conference statement that in order to ensure market liquidity, maintain the normal function and financial stability of the financial market and provide support for economic growth, the G-7 Member States agreed on concerted action.
Noda also said that the confidence of relevant countries in the US Treasury bonds has not wavered; the G-7 Member States will continue to maintain close cooperation in the coming weeks.
the Seven Powers
group
Finance ministers and central bank governors held emergency telephone consultations on the 8 day to discuss how to avoid the downgrading of US Treasury bonds and other problems, which brought confusion to the market.
Affected by the downgrade of the US credit rating, the Nikkei stock index of the Tokyo stock market opened 1.40% on the 8 th.
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