Source: Bloomberg
Author: Erica Yokoyama
Seventh Kingdom Group (G7) invited some officials from poor countries to participate in the financial minister and central bank governor meeting of this week.force.
Japan is the eastern country of the G7 conference this year. It invites emerging economies such as India, Indonesia and Brazil, and Asian countries such as South Korea and Singapore to participate in the G7 Treasury Secretary and Central Bank President Conference on Thursday.
Although the situation of non -member states participating in the G7 countries leader summit is not uncommon, this is the first time since 2009 with the financial head of non -member countries.
With the intensive tension between Washington and Beijing in the economic field, this wealthy group dominated by the United States also lists plans to enhance the "supply chain toughness".Many fields reduce dependence on China and prevents exporting some chip manufacturing equipment to China.Strengthening the connection with the global south is considered to delay this effort to a larger range.
"With Russia's invasion of Ukraine, and China has adopted a variety of actions to forcibly change the status quo, the alliance between G7 or unity is much stronger than before," said Saori Katada, a professor at the University of Southern California.However, she is doubtful to how much this method of gangs can against China can play a role in fighting China.
"China is trying to strengthen its own alliance, both bilateral and multi -sides," she said."This must be the orientation of a wealthy capitalist country like G7."
Beijing has also recently received leaders of Brazil and Southeast Asian countries to show well to the world.China has also helped to promote a peace agreement between Saudi Arabia and Iran.
Japan's Financial Minister Suzuki Suzuki will invite these guests to describe these guests as "a unique measures hosted by Japan" last month.The meeting with non -G7 national officials was arranged on Friday.The Japanese financial officer Katnita said on Tuesday that the last non -G7 country was invited to participate in the Finance Security Conference in 2009, when Italy invited Russia.
For Japan, the three most interested three guests come from South Korea, India and Indonesia.Japanese Prime Minister Kishida Kishida completed a historic visit to South Korea this week, and the two sides agreed to strengthen cooperation in the fields of security and chips.
Japan is also deepening relationships with India and Indonesia, and both are important destinations for Japanese direct investment.India hosted the 20th National Group (G20) event this year.
