Japanese Finance Minister to Take Party Post
Jun Azumi, Japan’s finance minister, will take a senior position in the country’s governing Democratic Party, although he will continue with ministerial duties until a replacement has been named.
G7 Sets Crisis Conference Call After Soros Warning
G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.
Japan Pledges $60B to IMF
The pledge boosts overall commitments to about $310 billion, with about $200 billion coming from euro zone countries and another $50 billion from other E.U. countries.
Euro Zone Seeks More IMF Funds
Worries over Spain mean that additional IMF funding might be needed to combat the euro zone debt crisis, which once again is beginning to look out of control.
Japan, China to Discuss Raising IMF Contributions
Japan and China will hold talks over whether to increase their contributions to the IMF, according to the Japanese finance minister.
BOJ Could Expand Stimulus
The Bank of Japan (BOJ) might boost stimulus in the wake of a vote by the upper house of Parliament to block a nominee to its board and a call by lawmakers for a more “proactive” monetary policy.