G20 finance minister meeting will be held starting this Friday in Shanghai. Ahead of the meeting, Taro Aso, Japan Finance Minister said that he expect G20 to discuss ways to move global economy.
Jacob Lew
Breaking News
The International Monetary Fund raises concern about the potential fallout of a US rate hike this year. The fund says raising interest rates at this time puts the already fragile global economy at risk. "Monetary policy must stay accommodative to prevent real interest rates from rising prematurely," the IMF said Wednesday in a letter to top central bankers and finance ministers meeting in Turkey this week.
Investors remained anxious even if US Treasury Secretary Jacob Lew announced last week in Congress that the department had the capacity to pay US Treasury bill holders.
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