Japan Calls for G20 Cooperation as US Tariffs Rattle Global Markets

During finance meetings in Washington, Japanese Finance Minister Katsunobu Kato urged G20 countries to cooperate in stabilizing financial markets that have been disrupted by multiple factors.

Kato specifically pointed to geopolitical issues like Russia’s invasion of Ukraine, as well as US tariff policies and the countermeasures some nations have taken in response, as sources of market instability and economic harm. He emphasized that the G20 must carefully monitor developments, share information, and coordinate responses to maintain economic stability.

Kato also mentioned he would be meeting with US Treasury Secretary Scott Bessent on Thursday, and that he had brought up concerns about China’s excess production capacity during G7 discussions, calling for joint action to address China’s “domestic imbalances” for more balanced global growth.