China, Japan to hold talks over IMF contributions

Business
TOKYO Japanese Finance minister, Jun Azumi, said yesterday Japan would hold high-level talks with China over contributions to the International Monetary Fund to help ease the Eurozone debt crisis ahead of a G20 finance leaders’ meeting in Washington.

The two nations have not yet decided whether to increase contributions to the IMF after the Eurozone expanded its bailout capacity last month, Azumi said after meeting his Chinese counterpart, Xie Xuren.

“Europe’s problem has eased from a critical situation seen last year but it is not a situation where we can be optimistic,” Azumi said.

“As for contributions to the IMF, we will hold high-level talks towards the G20 meeting in Washington.” — Reuters