G20 Finance Heads Discuss Tackling Inflation amid Middle East Turmoil
Bangkok, Oct. 15 (Jiji Press)--Finance ministers and central bank chiefs from the Group of 20 major economies met in Bangkok on Thursday to discuss ways to address rising inflation as crude oil prices remain high amid turmoil in the Middle East. Participants also discussed coordinating their policies to stabilize financial markets in light of a global rise in long-term interest rates, fuele...
Finance ministers and central bank chiefs from the G20 met in Bangkok to tackle rising inflation, as oil prices remain high due to Middle East unrest. Participants also focused on coordinating policies to stabilize financial markets amid a global increase in long-term interest rates. The meeting, held on the sidelines of the World Bank and IMF annual meetings, concluded without a joint statement.
Japan's Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda represented Japan. U.S. Treasury Secretary Scott Bessent did not attend due to domestic economic issues preceding the Nov. 3 midterm elections. Katayama noted market volatility and attributed rising interest rates, in part, to large-scale issuance of corporate bonds by U.S. tech firms building AI data centers.
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