Group of Eight development ministers and emerging donors such as China and South Korea acknowledged Sunday in Tokyo the importance of cooperating on assistance to developing countries.

The G8 member countries "and new donors agreed on the importance of sharing the same values when providing financial aid" to the developing world, Foreign Minister Masahiko Komura said at a joint news conference as he wrapped up a two-day meeting on helping chronically poor nations.

Eight emerging donors — Brazil, China, India, Indonesia, Malaysia, Mexico, South Korea and South Africa — were invited to the development ministers' meeting.