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BUENOS AIRES (Reuters) - Japan will put issues ranging from global trade imbalances to the impact of aging populations on the agenda when it chairs next year’s meetings of leaders from the Group of 20 major economies, government officials said. At the end of the G20 summit in Buenos Aires, Finance Minister Taro Aso unveiled the “priority issues” to be taken up by his counterparts and central bank governors next year when Japan takes over the chairmanship from Argentina. Japan will host a G20 financial leaders’ meeting in Fukuoka in western Japan on June 8-9, followed by a leaders’ summit in Osaka on June 28-29.
Tokyo will assert that global current account imbalances should be fixed via multilateral policy coordination rather than bilateral trade deals, the officials said, They declined to be identified because they are not authorized to talk to the media, Excessive imbalances should be adjusted by improving the ratio of investment and saving through macroeconomic policy and structural reform, they added, Global imbalances had once been a key topic baylor university bears cufflinks at G20 meetings with a focus on each country’s current account balance, or the overall flow of money including, but not confined to, trade..
This approach runs counter to President Donald Trump’s focus on narrowing the U.S. trade deficit using import tariffs and bilateral deals. His “America First” policies and the U.S.-China trade war have overshadowed debates at recent G20 meetings. Japan’s plans underscore Tokyo’s view that instead of focusing too much on bilateral trade imbalances, there should be more emphasis on overall capital flows and structural factors behind the U.S. deficit - such as a lack of domestic savings.
Saddled with its own aging population and the industrial world’s heaviest public debt burden, Japan will also highlight the issue of aging and its impact on fiscal and monetary policies at next year’s G20 meetings, the officials said, Bank of Japan Governor Haruhiko Kuroda has said an aging population could pose “serious challenges” for central banks, as it undercuts economies’ growth baylor university bears cufflinks potential and requires them to use more monetary firepower than before to boost growth..
(Reuters) - Saudi Crown Prince Mohammed bin Salman met Russian President Vladimir Putin on the sidelines of G20 summit in Argentina on Saturday and discussed areas of cooperation including rebalancing the world oil market, the Saudi Press Agency reported. The Organization of the Petroleum Exporting Countries, of which Saudi Arabia is a key member, and Russia and other leading oil producers will meet in Vienna on Dec 6-7 to discuss the oil market, as prices have been declining due to oversupply. Riyadh has suggested OPEC and its allies reduce output by 1 million barrels per day from January 2019 to stem the price falls.
Speaking in Buenos Aires, Putin said on Saturday that he had no concrete figures on possible output cuts but that Russia would continue contributing to reducing global output, On Friday, Putin and the crown prince, heir to the throne of the world’s top oil exporter, exchanged a high-five as they took seats next to each other at a plenary session of the Group of 20 summit, Putin’s friendly behaviour baylor university bears cufflinks contrasted sharply with that of other leaders at the summit, amid suspicions of the prince’s possible involvement in the killing of Saudi journalist Jamal Khashoggi at the Saudi consulate in Istanbul in October..
Saudi Arabia has said the prince had no prior knowledge of the murder, which has strained Saudi ties with the West and battered the prince’s image abroad. Russia has refrained from criticising Saudi Arabia or the crown prince over the killing. Putin said in October he lacked information about the matter and said Russia would not tear up its relations with Saudi Arabia because of it. However, Moscow has also fostered strong ties with Saudi Arabia’s regional arch foe Iran. Russia and Iran back President Bashar al-Assad in Syria’s civil war, while Saudi Arabia along with Western countries have backed some rebel groups.
BUENOS AIRES (Reuters) - U.S, baylor university bears cufflinks President Donald Trump said he had an “incredible relationship” with Chinese President Xi Jinping before the start of a meeting between the two leaders on Saturday, “The relationship is very special, The relationship that I have with President Xi, I think that’s going to be a very primary reason we’ll probably ending up getting something good for China and good for the United States, so we very much appreciate it,” Trump said, referring to trade..