Japan says it told G20 recent market rout doesn't reflect fundamentals(Update)

Haruhiko Kuroda, Governor of the Bank of Japan, left, and Japan's Vice Finance Minister Minoru Kihara laugh and talk before posing for a group picture at the G20 finance ministers and central bankers summit in Buenos Aires, Argentina, Monday, March 19, 2018. Finance ministers and central bankers of G20 countries are meeting in Argentina at a summit eclipsed by growing concerns over U.S. President Donald Trump's import tariffs on steel and aluminum and the potential of a trade war. - AP

BUENOS AIRES: Japan told its G20 counterparts that recent market volatility did not reflect global economic fundamentals at the group's finance leaders' meeting on Monday, the country's vice finance minister Minoru Kihara said.

He also said many Group of 20 finance leaders voiced concern over "inward-looking" policies such as protectionism.

"It's unthinkable for such voices to not be reflected in tomorrow's G20 communique," Minoru told reporters after attending the first day of the two-day meeting.

Kihara attended the G20 meeting on behalf of Finance Minister Taro Aso, who stayed in Japan to address parliament over a suspected cronyism scandal.

Reuters also reported: