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Group of Twenty (G20) summit in Seoul gradually approaches, differences in national trade policies and the war of words has become increasingly fierce. According to "Japanese Economic News" reported on November 9, Japanese Finance Minister Ye Tian Jiayan criticized the United States, set the current account surplus on the gross domestic product (GDP) 4% of the recommendations, but also against the proposed South Korean President Lee Myung-bak in the next few months to achieve reduction of export-dependent countries of current account surplus "target" proposal. The German Chancellor Angela Merkel on November 8 also pointed out that the so-called current account surplus goal "too narrow" Cheap Air Max 2019 Australia , he said trade protectionism is the biggest threat facing the global economy.

Japan and then split, "Objectives of surplus"

Benefited from strong export growth and income month income growth, Japan's September current account surplus of 1.9598 trillion yen, up by 24.3%; of which exports to 5.5474 trillion yen, representing an increase of 761.1 billion yen. This shows that Japan's foreign trade is still the country's economic recovery is the main force Cheap Air Max 2018 Australia , so clearly does not support the country's current account surplus of goal setting.

Ye Tian Jiayan at a regular press conference after the cabinet meeting, said, "When we refer to (current account surplus) specific target figures, and whether the issue will be finalized G20 summit in Seoul, we must keep in mind that situation faced by each country is different. "He added Cheap Air Max 1 2020 Australia ," more likely, the leaders of the Member States may agree to amend the global imbalances to develop guidance approach, but they may not achieve the specific details, is that the financial sector by the States to finalize the charge. "

Earlier, U.S. Treasury Secretary Timothy Geithner Gyeongju in South Korea G20 meeting of finance ministers and central bank governors proposed to the countries current account deficits or surpluses limited to less than 4% of their GDP Cheap Air VaporMax Sandal Australia , while the finger appears to be mainly aimed at China's largest the amount of trade surplus. While hosts South Korea to support this proposal, several South Korean President Lee Myung-bak also expressed the hope that leaders of the G20 member countries to the summit in Seoul, signed on the specific objectives of current agreements, export-oriented countries in order to reduce current account surplus.

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