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Japan PM tells G-7 of need to shield economies from inflation

From left, Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Germany's Chancellor Olaf Scholz, US President Joe Biden, Britain's Prime Minister Boris Johnson and Japan's Prime Minister Fumio Kishida pose for a group photo at Castle Elmau in Kruen, near Garmisch-Partenkirchen, Germany, on Sunday, June 26, 2022. (Brendan Smialowski/Pool via AP)

MUNICH (Kyodo) -- Japanese Prime Minister Fumio Kishida told his fellow Group of Seven leaders that they need to jointly protect their economies from rising prices amid Russia's war on Ukraine, a Japanese government official said Sunday.

    Kishida was quoted as telling the leaders' summit in southern Germany that the G-7 should maintain pressure and sanctions on Russia over its invasion.

    The Japanese leader also stressed the importance of ensuring economic security, adding that the G-7 needs to show a "clear" stance on economic coercion, an apparent reference to China, the official said.

    Kishida also said the G-7 needs to keep a close watch on "rapid" currency moves, at a time when the yen has fallen sharply.

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