IMF, World Bank urge China, Japan to overcome differences.

by Machiavelli

Rivers of Hope

BEIJING/TOKYO (Reuters) – China’s foreign minister on Thursday defended the withdrawal of its senior delegates from the International Monetary Fund meeting in Tokyo as “completely appropriate” although the head of the multilateral organization said they would “lose out”.

China’s delegation is being led by the Vice Finance Minister Zhu Guangyao and the vice head of the central bank, Yi Gang, instead of their bosses, in what appears to be a snub to Japan as host of theIMF and World Bank meetings this week.

Japan is hosting the gathering for the first time in nearly half a century and about 20,000 people are expected to attend the events, which end on Sunday, making it one of the world’s largest…

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