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It may be hard to solve all of the problems through this year’s G-20 meeting. But the fact that Japan is chairing the group means that it can at least exercise leadership to bring the issue closer to resolution.

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Chisaki Kurahara, who studies international financial regulations at Mizuho Research Institute. Conflicting financial regulations cost the global economy more than $780 billion each year, according to a February 2018 study by the International Federation of Accountants and Business at OECD.

© Bloomberg

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The real news is how it came to be that Japan is chairing the group. This above quote is just a distraction.

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mizu:

How? Did it pay for it.

But the fact that Japan is chairing the group means that it can at least exercise leadership

Leadership?!

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Japan? Leadership?

What an original concept!

0 ( +0 / -0 )

How? By having a meeting? Japan is great at meetings.

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