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The world’s richest nations are unlikely to discuss joint interest-rate cuts this week as a step to ease turmoil in global financial markets, a former Bank of Japan official said.

Simultaneous rate reductions by major central banks are “unlikely to be on the agenda” at the Group of Seven meeting in Tokyo, Eiji Hirano, a former BOJ executive director, said in an interview Friday. “The U.S., Europe and Japan are each facing different economic and financial conditions.”

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