G20's deference for China's economic policies irks Japan


  • World
  • Monday, 25 Jul 2016

G20 Finance Ministers and Central Bank Governors (including from L in front row) Britain's Chancellor of the Exchequer Philip Hammond, World Bank President Jim Yong Kim, an unidentified member, Turkey Deputy Prime Minister Mehmet Simsek, China's Finance Minister Lou Jiwei, China's Governor of the People's Bank of China Zhou Xiaochuan, Germany's Federal Minister of Finance Wolfgang Schauble, International Monetary Fund managing director Christine Lagarde and Secretary-General of OECD Angel Gurria during a group photo in Chengdu in Southwestern China's Sichuan province, Sunday, July 24, 2016. REUTERS/Ng Han Guan/Pool

SHANGHAI/TOKYO (Reuters) - China dodged criticism of its economic management at a G20 meeting it hosted on the weekend, even winning plaudits for yuan transparency, much to the frustration of Japanese officials who are calling for more reforms from Beijing.

It was a marked contrast to a February G20 gathering of finance heads in Shanghai, when Chinese policymakers were on the defensive about the risk of another devaluation of the yuan.

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