• Japanese PM Abe says downside risks to global economy prevail

Market news

28 June 2019

Japanese PM Abe says downside risks to global economy prevail

  • but global economy showing signs of stabilising, expected to turn up gradually from later this year to next year

  • tensions over trade and geopolitical risks are increasing

  • G20 responsible for taking necessary steps to respond to downside risks, wants to share resolve to use all policy tools to achieve growth

  • Trade restriction measures don't benefit any country, any trade steps should be in line with WTO rules

  • Deeply concerned about situation surrounding global trade, g20 must deliver a strong message to support free, fair, indiscriminate trade system

  • Want to discuss today measures to further enhance momentum towards WTO reform

  • Japan will promote improvement of multilateral trade system and economic cooperation negotiations as a flag-bearer of free trade

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