At the G20 Finance Ministers and Central Bank Governors' Meeting held in Asheville in the southern United States, correcting global current-account imbalances emerged as a key focus, with the United States highlighting issues surrounding China's huge external surplus.
The G20 Finance Ministers and Central Bank Governors' Meeting, led by the United States as host country, placed the correction of global current-account imbalances at the center of its agenda. Participants shared calls for stronger coordinated measures to address the imbalances.
The discussions focused particularly on China, which is said to have built up a huge external surplus. How to maintain consistency in global capital flows and currency policies also emerged as an issue.
Meeting officials are expected to continue examining specific corrective measures that take the positions of individual countries into account, while further official announcements and the release of policy developments by each country are awaited.
The developments could affect the stability of the global economy, and attention is focused on whether policymakers can strengthen coordination.