Aso, Mnuchin Agree On G7 Cooperation Over Outbreak
Japanese Finance Minister Taro Aso and US Treasury Secretary Steven Mnuchin have agreed that their nations will cooperate with the other Group of Seven members in responding to the coronavirus outbreak.
Aso and Mnuchin spoke over the phone on Tuesday.
They reaffirmed that they will monitor the outbreak's fallout on financial markets and will use all appropriate policy tools to protect the global economy from downside risks. They also agreed to maintain close communication over market and economic trends.
Aso told reporters it was significant that the finance chiefs of the two countries had talked on the phone quickly. He said he had proposed a teleconference between the G7 finance ministers and central bank governors at an early date.
The G7 leaders urged finance ministers to draw up effective measures in a statement issued after their video conference on Monday.
