September 20, 2014 / 9:41 AM / 5 years ago

Japan tells G20 its economy continues to recover: Aso

Japan's Deputy Prime Minister and Finance Minister Taro Aso speaks during a news conference at Prime Minister Shinzo Abe's official residence in Tokyo September 3, 2014. REUTERS/Yuya Shino

CAIRNS Australia (Reuters) - Japanese Finance Minister Taro Aso said on Saturday he told his Group of 20 counterparts that the world’s third-largest economy continues to recover moderately despite the temporary pain from a sales tax hike in April.

He also said Japan stressed the importance of setting up appropriate financial regulation and macro-prudential frameworks to guard against any sudden change to the current low volatility market environment.

Asked whether the dollar’s rise to 109 yen reflected economic fundamentals, Aso said: “We can’t comment on such questions.”

Aso spoke to reporters after attending the first day of a two-day meeting of G20 finance leaders in the Australian city of Cairns.

Reporting by Leika Kihara; Editing by John Mair

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below