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(THE YOMIURI SHIMBUN)Japanese Prime Minister Shinzo Abe on Tuesday unveiled a plan to hold meetings of experts from Japan and abroad in which the world economy will be analyzed ahead of the upcoming Ise-Shima summit of the Group of Seven major powers.
The move is intended to ensure Japan spearheads efforts to stabilize the global economy and implement necessary economic policies as the chair of the G-7 meeting in May.
“As the host nation, we need to show what kind of opinion we have and how we analyze [the global economy]. We must hear the opinions of various experts,” Abe said Tuesday at the Budget Committee of the House of Representatives.
Participants will include Abe, relevant ministers and Bank of Japan Gov. Haruhiko Kuroda. They will explore ways to deal with the economic slowdown in emerging nations and low crude oil prices after studying experts’ opinions.
Believing global market stability will be the greatest focus at the summit meeting, the government plans to make sure the meetings of experts are reflected in the G-7 discussions and the leaders’ declaration. About five meetings with experts will be held before the Ise-Shima summit meeting, starting as early as mid-March.
The meetings will address such themes as the global economy, the financial market, energy problems arising from the current record-low oil prices, and the economies of emerging nations, including China. Renowned university professors and researchers at international institutions, including Nobel laureates, will be invited to the meetings. Attendees will be selected based on their area of expertise.
In addition to Abe and Kuroda, participants will include Finance Minister Taro Aso, who also serves as the deputy prime minister; Chief Cabinet Secretary Yoshihide Suga; Economic Revitalization Minister Nobuteru Ishihara; Foreign Minister Fumio Kishida; and Economy, Trade and Industry Minister Motoo Hayashi.
