RobertB
February 8th, 2008, 11:08 PM
2ND LD: G-7 mulls how to buoy economy amid subprime woes
Feb 8 10:17 PM US/Eastern
TOKYO, Feb. 9 (AP) - (Kyodo)—(EDS: UPDATING WITH START OF MEETING)
Group of Seven financial chiefs met Saturday in Tokyo in a bid to stop the current financial market turmoil linked to the troubled U.S. housing sector from dragging down the world economy.
The Tokyo G-7 meeting, the first in eight years, was expected to focus on measures to prevent the ongoing confusion in financial markets from seriously hurting the global economy, which has so far been supported by robust growth in emerging economies.
Japanese Finance Minister Fukushiro Nukaga and Bank of Japan Governor Toshihiko Fukui are chairing the one-day meeting, which will bring together financial ministers and central bank governors from Britain, Canada, France, Germany, Italy, the United States and Japan.
Nukaga told reporters Saturday morning, "The world is now watching how credit fears stemming from U.S. subprime woes will affect the real economy. We want to first grasp the current situation and send a powerful message to stabilize global markets and the global economy."
http://www.breitbart.com/article.php?id=D8UMHNN01&show_article=1&catnum=2
Feb 8 10:17 PM US/Eastern
TOKYO, Feb. 9 (AP) - (Kyodo)—(EDS: UPDATING WITH START OF MEETING)
Group of Seven financial chiefs met Saturday in Tokyo in a bid to stop the current financial market turmoil linked to the troubled U.S. housing sector from dragging down the world economy.
The Tokyo G-7 meeting, the first in eight years, was expected to focus on measures to prevent the ongoing confusion in financial markets from seriously hurting the global economy, which has so far been supported by robust growth in emerging economies.
Japanese Finance Minister Fukushiro Nukaga and Bank of Japan Governor Toshihiko Fukui are chairing the one-day meeting, which will bring together financial ministers and central bank governors from Britain, Canada, France, Germany, Italy, the United States and Japan.
Nukaga told reporters Saturday morning, "The world is now watching how credit fears stemming from U.S. subprime woes will affect the real economy. We want to first grasp the current situation and send a powerful message to stabilize global markets and the global economy."
http://www.breitbart.com/article.php?id=D8UMHNN01&show_article=1&catnum=2