• Kyodo

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Japan will host the annual meetings of the International Monetary Fund and World Bank in October 2012, taking the place of Egypt, which had requested next year’s gatherings be held elsewhere amid the prodemocracy uprising there.

Japan filed its candidacy for hosting the international conferences to demonstrate its recovery and reconstruction after the devastating March earthquake and tsunami as well as the crisis at the Fukushima No. 1 nuclear power plant.

The meetings will discuss international economic and financial developments, and policies to strengthen inclusive economic growth and help countries overcome poverty, the statement said.

The IMF and the World Bank, both based in Washington and joined by 187 countries, hold their general meetings outside the U.S. capital every three years. Japan last hosted the events in 1964.

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