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G7 Summit: Japanese summary says uncertainties in global outlook have increased

Hosts Japan with their G7 summary from Sendai meeting 21 May 2016

  • shock of potential Brexit could complicate global economic environment
  • G7 discussed how to employ balanced policy mix of mon pol, fiscal structural steps to strengthen global demand, address supply constraints
  • mon pol will continue to support economic activity and ensure price stability consistent with central bank mandates
  • important to implement our fiscal strategies flexibly, advance structural reforms to boost productivity
  • G7 re-affirmed its existing exchange rate agreements inc not to target FX rates and that excess volatility and disorderly FX moves can have negative effect on economy
  • G7 underscored importance of all countries to refrain from competitive devaluation

Footnote: Reuters also report that this summary was prepared by Japan to facilitate media and does not officially represent G7 consensus.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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