March 20, 2018 / 8:07 PM / a year ago

G20 reference on market volatility reflects Japan's view - vice finance minister

Bank of Japan (BOJ) Governor Haruhiko Kuroda (C) and Minoru Kihara, Japan's State Minister of Finance, pose for the official photo at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina, March 19, 2018. REUTERS/Marcos Brindicci

BUENOS AIRES (Reuters) - The G20 communique’s new reference on recent market volatility reflected Japan’s proposal to send a coordinated message on the risks it entailed, Japan’s vice finance minister Minoru Kihara said on Tuesday.

“I told the G20 we need to send a joint message on this point, and our view was taken into account in the communique,” Kihara told a news conference after the G20 finance leaders’ gathering.

The G20 communique said “recent market volatility despite sound fundamentals of the global economy is a reminder of risks and vulnerabilities,” a wording that was not included in previous communiques.

Reporting by Leika Kihara; Editing by Andrea Ricci

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