Japan will provide $60 billion to the International Monetary Fund’s effort to expand its resources and shield the global economy against any deepening of Europe’s debt crisis.
Finance Minister Jun Azumi unveiled the commitment Tuesday in Tokyo before semiannual meetings of the IMF and World Bank in Washington from April 20 to 22. Azumi said he hopes for an early agreement among Group of 20 members, who will also be gathering in Washington, on contributions to the IMF.
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