G-20 agrees to take "timely" action to mitigate risks: Japan

Finance chiefs of the Group of 20 major economies on Friday affirmed the need to take "timely" policy action to better cope with downside risks in the world economy, Bank of Japan Governor Haruhiko Kuroda said.Speaking after a two-day meeting in Washington, Kuroda said each G-20 nation "needs to ensure it will take steps to mitigate risks, not to heighten them," citing policy uncertainties such as an escalation in trade tensions between the United States and China, as well as deterioration in corporate sentiment.While the G-20 broadly agreed the global economy is likely to rebound in the se…READ FULL ARTICLE