Policy Action: G Nation and States China

policy action: Speaking after a two-day meeting in Washington, Kuroda said each G20 nation needs to ensure it will take steps to mitigate risks, not to heighten them, citing such policy uncertainties as an escalation in trade tensions between the United States and China, as well as a deterioration in corporate sentiment. ; While the G20 broadly agreed the global economy is likely to rebound in the second half of this year from a slowdown that began in the latter half of 2018, Kuroda said, We shared the recognition that each country needs to take timely policy action depending on their own circumstances, according to The Japan Times. The BOJ chief led the meeting with Finance Minister Taro Aso. Haruhiko Kuroda said. Japan has the presidency of the group for the first time, and Prime Minister Shinzo Abe will host the G20 leaders summit on June 28 and 29 in Osaka. The G20 finance ministers and central bank governors reaffirmed that all policies choose to support strong, sustainable, balanced and inclusive growth to be used in a timely fashion, Aso said at a joint news conference with Kuroda. Aso said the balance of risks to growth remains skewed to the downside, alluding to the possible escalation of trade tensions, the U.K.'s potentially disorderly exit from the European Union, and the chance of a sudden sharp tightening of global financial conditions. (news.financializer.com). As reported in the news.