G8

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G8

The 8 wealthiest, most influential and most industrially advanced democratic nations: Canada, France, Germany, Italy, Japan, Russia, UK, US.
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The G-7 called global industrial overcapacity, especially in steel, a "pressing structural challenge with global implications".
It remains unknown, however, whether the G-7 finance ministers and central bank governors discussed the steep depreciation of the yen against the U.
The G-7 statement also said the group would be alert for any indications of "excess volatility and disorderly movements" in exchange markets.
On the global economy, the G-7 financial chiefs said, ''We remain positive about the long-term resilience of our economies, but near-term global economic prospects have weakened,'' mainly attributing the bleaker outlook to the ongoing weakness in the U.
Aside from Indonesia, the forum will be composed of economically advanced nations, including the G-7 countries, and key emerging market economies such as Brazil, China, Mexico, Russia and South Korea, G-7 sources said.
In the case of G-7 Finance meetings, it was agreed that the Community's representation should consist of the acting President of the Finance Council (currently Germany), assisted by a representative of the European Commission.
The residents of the G-7 sector demanded that the CDA management should make better and satisfactory arrangement of sanitation in their localities.
Kan said he briefed other G-7 participants about Japan's accelerated efforts to improve its fiscal situation as it intends to compile a medium-term fiscal rehabilitation plan in June.
During their macroeconomic surveillance talks, the G-7 financial chiefs are also expected to take up the recent weakness of the yen against other currencies, particularly the euro.
The two Community bodies involved in this external representation process believe the Commission's participation in the February 20 G-7 meeting in Bonn was less than satisfactory.
The absence of any reference to exchange rates in the summit's concluding communique, coupled with what appeared to be ambiguous official statements during and after the meetings, led some market participants to conclude that the G-7 was unconcerned about the dollar.
technology companies will demonstrate how information technologies can help small and medium-sized enterprises meet global marketplace needs to delegates from the G-7 nations -- representing the world's seven largest Gross National Products -- and the European Union on Sept.