G20: Japan striving to get consensus on trade

Japan is planning to underline the importance of free trade when finance chiefs from major economies gather for the Group of 20.

The two-day meeting kicks off in the city of Fukuoka on Saturday. It will be the first time for Japan to host a G20.

The finance ministers and central bank governors are expected to discuss trade and investment imbalances, a major factor behind current global tensions.

G20 members have clashing views on free trade. In the joint statement issued after the meeting, China and European members want to include a call against protectionism, in light of recent tariff hikes by the United States.

The US, which is currently locked in a trade war with China, reportedly wants to stress that it is against unfair trade practices.

Japanese officials are coordinating last-ditch, working-level meetings with the aim of reaching a consensus by the time the statement is released.

NHK