Japan finmin says he, emerging mkts opposed U.S. plan

GYEONGJU, South Korea, Oct 22 (BestGrowthStock) – Plans to set
numerical targets for countries’ current account balances were
opposed by Japan and some developing economies, Japan’s finance
minister said on Friday at the G20 summit.

“We said that we doubt whether rigid numerical targets
should be set, but when checking the progress in rectifying
imbalances, that might be an idea,” Finance Minister Yoshihiko
Noda told a press conference after finance ministers met in South
Korea.

Earlier, G20 finance officials started two days of meetings
by discussing a U.S. proposal to set a target of 4 percent of
gross domestic product for current account balances.
(Reporting by Tetsushi Kajimoto; Editing by David Chance)

Japan finmin says he, emerging mkts opposed U.S. plan