14 April 2006, 13:37  G7 finance ministers to discuss oil, rates, yuan

High oil prices, rising interest rates and Chinese currency reform will top the agenda of an upcoming Group of Seven finance ministers meeting, Japanese Finance Minister Sadakazu Tanigaki said The finance chiefs from the UK, Canada, France, Germany, Italy, Japan and the US will hold talks in Washington on April 21, just ahead of the World Bank and International Monetary Fund (IMF) meetings "As one risk factor (for the global economy) is crude oil prices which remain at high levels, I will closely watch how each G7 country discusses the issue," Tanigaki told reporters "Global currency developments and interest rates will remain big issues in the G7," added Tanigaki, when asked whether the yuan's limited flexibility would be a topic at the meeting He said Japan will also raise the issue of IMF and World Bank reform as Tokyo pushes for the IMF to give Asia's rising economies a greater say in the running of the Fund

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