G-20 pledge seen as positive outcome for markets

Tokyo

DESPITE the fact that G-20 finance ministers and central bank governors meeting in Shanghai at the weekend did not come up with the "growth agenda" some were looking for, there were some positive achievements that should help calm markets this week, analysts said.

"You have to say it's positive when financial leaders promise to coordinate and exchange more information," former Goldman Sachs Asia vice-president Kenneth Courtis told The Business Times on Sunday from Shanghai after he attended the G-20 gathering.

"What they said in effect was that 'we will not all of a sudden devalue our currencies and…