Newsclip®: [Business] G7 takes aim at terrorist financing; rifts on policy remain -

"An 'action plan' issued after the talks by G7 finance ministers and central bank governors at a hot springs hotel in northern Japan called for increased exchanges of information on financial intelligence, reducing the level of cross-border transactions subject to disclosure and collaborating on targeted sanctions for terrorists' financial networks, including freezing assets. Most of the governments of the G7 favor more pro-active government spending to help support flagging growth and spur demand, while Germany has remained more conservative on fiscal matters, regarding structural reforms as crucial. A recent rise in the value of the Japanese yen against the U.S. dollar is adding to pressures on Japanese companies who had reaped record profits as the yen weakened in recent years, fattening earnings brought back to Japan in yen terms. The talks also explored ways to improve the 'integrity' of global financial flows, especially following the release of the",

0 comments | 1 clip



Last clipped by

Hey! Thanks for checking out Newsclip®!

Click on this Trending Newsclip® Stack to read other top media reports on this topic.

Be sure to clip to your personal newspaper, like, comment and share!

Newsclip® is the leader of Social News Discovery®.

Welcome to the Newsclip® beta release!

Please enjoy the site during our beta phase and provide us with feedback on suggestions and issue details. Please remember that we are still in beta and there will be issues and site changes during this time.

Newsclip® the leading Online Social Newspaper, find trending articles through Social News Discovery®!

Invite Friends to Newsclip®

Invite your Facebook friends to follow you!

You can reopen the "Getting Started Tutorial" dialog from within the About menu in the top right corner.