Bessent Backs Japan's Economic Steps at G20 as Sept. 24 Xi-Trump Meeting Looms
Updated
Updated · investinglive.com · Sep 1
Bessent Backs Japan's Economic Steps at G20 as Sept. 24 Xi-Trump Meeting Looms
3 articles · Updated · investinglive.com · Sep 1
Summary
At the G20, Treasury Secretary Scott Bessent said Japan is taking the right steps for its economy, offering a public U.S. endorsement as ministers debate how to lift growth.
Bessent said it remains unclear whether G20 ministers will take the measures needed to generate stronger expansion, signaling doubt about the bloc's ability to deliver a coordinated push.
He argued that imbalances created by some countries are dragging on growth elsewhere and said other economies need to protect trade and factory jobs from Chinese exports.
Sept. 24 is the tentative date Trump has announced for a U.S. meeting with Chinese President Xi Jinping, putting U.S.-China trade tensions in the background of the G20 discussions.