Azumi plans G-20 Mexico meet flyby


Finance Minister Jun Azumi said Friday he will join a meeting of the Group of 20 finance chiefs this weekend in Mexico but will shorten his attendance.

“We will discuss the (debt) crisis in Europe, including the problems in Greece,” Azumi told reporters, adding he will explain to other G-20 finance ministers and central bank governors about the economic conditions in Japan and Tokyo’s efforts to rehabilitate its debt-laden public finances. He is also planning to have bilateral talks.

Because the Diet is in session, Azumi said he will only attend the first day of the two-day meeting starting Saturday in Mexico City.

Also high on the agenda are the options that the G-20 advanced and major developing economies could take to boost the resources of the International Monetary Fund, which has played a key role to help address the sovereign debt crisis in the eurozone. Tokyo is weighing a possible $50 billion in emergency loans to the IMF.