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A banner for the Group of Seven (G-7) Summit in Hatsukaichi, Hiroshima Prefecture, earlier in May.
Photographer: Soichiro Koriyama/BloombergYuko Takeo
Erica Yokoyama
Finance ministers and central bank governors from the world’s wealthiest nations gather in Japan this week with a growing list of urgent issues to discuss, from the risk of more bank failures and the need for debt restructuring to the threat of a US default.
While recent Group of 20 finance minister meetings have struggled for consensus due to divisions over Russia’s invasion of Ukraine, the Group of Seven, comprising the US, UK, Germany, France, Italy, Japan and Canada, has proved to be a more coordinated coalition.
