U.S., Japan fiscal plans escape mention in G20 communique

20.07.2013 14:37

- The United States and
Japan escaped specific mention in a final
communique issued on Saturday by the Group
of 20 economies that called for credible
medium-term fiscal strategies in advanced
The statement, issued after a two-day
meeting of G20 finance ministers and central
bankers, also tweaked earlier wording to say
the G20 was determined to "accelerate",
instead of "continue", progress towards
rebalancing global demand.
An earlier draft had named the United States
and Japan in relation to medium-term fiscal
plans - but only in brackets, indicating that
the wording had not been agreed. Both
countries have run large budget deficits to
stimulate their economies.