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Japan Said to Push for ‘Crisis’ Language in G-7 Communique
Japan is seeking to add a warning that the global economy is at risk of "falling into a crisis" to the final Group of Seven leaders’ communique to be released Friday, according to a copy of a draft obtained by Bloomberg News. The economy section of the draft statement outlines risk and calls for a mix of investment and policy tools to spur growth. It includes one line proposed by Japan that’s up for negotiation following Thursday’s leaders’ dinner at the summit in central Japan. “We recognize the risk of the global economy exceeding the normal economic cycle and falling into a crisis if we did not take ... (full story)
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