Japan, U.S. finance chiefs meet over economy, Russia, supply chains

Japanese Finance Minister Shunichi Suzuki met Saturday with U.S. Treasury Secretary Janet Yellen on the fringes of a Group of Seven meeting in Niigata to confirm bilateral cooperation in addressing economic and other challenges.

The bilateral talks came on the final day of a three-day meeting of the G-7 finance ministers and central bank governors held amid concern about the strength of the banking sector and a potential U.S. default.

At the beginning of the meeting, Suzuki told Yellen he wants to discuss a range of issues, from macroeconomic management to Russia's war against Ukraine and the need to strengthen supply chains.

In response, Yellen expressed her hope to work closely with Suzuki in tackling macroeconomic challenges and praised Japan's leadership this year of the G-7, which she said had demonstrated "steadfast unity" in responding to Russia's war.

© Kyodo News