US Treasury Secretary Bessent backs Japan's steps, presses G20 on Iran

US Treasury Secretary Bessent commends Japan's economic progress and urges G20 finance ministers to prioritize growth. However, he expresses uncertainty about the extent to which G-20 ministers will take action to foster higher economic growth. Bessent emphasizes the need to safeguard trade and factory jobs from the impact of China's exports.

He believes it is crucial for all parties to align in addressing the Iran issue. Bessent highlights that imbalances in certain countries are stifling growth in others, and he has been advocating for this point during discussions at the G20. He notes that other nations in the world may require debt restructuring, particularly low-income nations.

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