The G20 emphasizes using policy tools steady growth No good ease unrest

12:06 feb 29, 2016

Reference news network

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The G20 emphasizes using policy tools steady growth Alleviate turbulence without "specific"

Reference news network reported on February 29 Foreign media, said the G20 central bankers and finance ministers said 27, after a meeting in Shanghai, should mobilize monetary and fiscal policy to support the world economy and structural reform.

According to Hong Kong in the south China morning post website reported on February 28th, the two-day world important economies did not produce substantive results at the end of the party, during the meeting of the G20 members agreed to use all the tools to promote economic growth, and promised to strengthen cooperation and dispel doubts about currency and market volatility.

According to the report, China and Thailand securities economist wen-bo luo said: "at the G20 meeting, key decision makers seem to agree that continue to ease monetary policy to support global growth. Despite the lack of substantive action plan this meeting, but it provides the good opportunity of building trust."

According to "Japanese economic news" reported on February 28th, the G20 finance ministers and central bank governors meeting in Shanghai 27 concluded with a meeting through the communique called for the use of all policy tools, showed a strong sense of crisis to the stability of financial markets. By loosening monetary policy support, however, the difficulty of economic increase, finance space also there is a big gap. Specific policy will be passed on to all countries, international coordination will continue walking a tightrope.

According to the report, the communique containing rare adopted market trends. Bulletin, said the recent market volatility has improved did not reflect the economic indicators. On this basis, the communique called for countries to explore, including monetary and fiscal policy and structural reforms, all policy tools to take action to maintain economic growth.

However, policy coordination of the specific policy is unclear. Concerned personage says, this is because the G20 "without being aware of the world economy is in crisis". Countries intervened in currency together, like after lehman brothers or fiscal policy, together with such a "narrow policy coordination", bulletin is not set. Specific policy or leaving countries decision.

According to the report, about the confusion in the market, in the face to face with capital outflow problem of emerging countries such as China, to raise interest rates at the end of last year the United States is the fuse. For the communique proposed flexible fiscal policy, countries also exist differences in understanding. German finance minister Wolfgang he told reporters after the closing of the meeting "the world economy is better than market changes reflect the status of", to use fiscal policy to show the cautious attitude.

According to Japan's "sankei shimbun" reported on February 28th, the G20 finance ministers and central bank governors meeting in the communique stressed solidarity work together to promote economic stability, but not to the direction of different financial policies in the us and Europe to Japan to coordinate a concrete countermeasures, still no further solve the problem of the impression. To raise interest rates in the United States, Europe and Japan are the implementation of financial policy easing, difficult to adopt consistent pace. Ease market turmoil "specific" hard to find.

According to the report, the bank of Japan governor, Mr Kuroda said at the G20 meeting, negative interest rate policy is conducive to price stability. At a news conference after the meeting, kuroda also not so confidently said: "has not been accused or counter."

The United States, however, appeared the voice of the retort, said "this is to protect the export industries by induced devaluation policy".

According to the report, the communique said, to maintain market stability, the comprehensive utilization of all policy tools, including monetary and fiscal policy and structural reforms. To make such a detailed elaboration, because not unified pace on the financial policy in the us and Europe.