Finance chiefs from the Group of 20 industrialized countries on Thursday discussed the need to contain downside risks facing the global economy by enhancing domestic demand and expanding employment.
The finance ministers and central bankers of Japan, China and South Korea, in a meeting prior to the G-20 gathering in Lima, recognized that global growth has fallen short of expectations amid China's slowdown, and vowed to carry out structural reforms for sustainable growth.
Finance Minister Taro Aso told reporters that he urged China to proceed with structural reforms in a bilateral meeting with Chinese Finance Minister Lou Jiwei.