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Aso to tell G-7 Japan is committed to fiscal consolidation

Friday, May 22, 2015 - 08:50
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Finance Minister Taro Aso said on Friday he would tell Group of Seven finance chiefs next week that Japan aims to balance its primary budget by fiscal 2020.

[TOKYO] Finance Minister Taro Aso said on Friday he would tell Group of Seven finance chiefs next week that Japan aims to balance its primary budget by fiscal 2020.

Mr Aso said it is important to convey Japan's commitment to fiscal consolidation at the G-7 gathering in Dresden, Germany, to maintain market trust in the country's debt management.

The G-7 finance chiefs are likely to discuss issues such as Ukraine, Greece and Islamic State at the meeting, he added.

REUTERS