Economics
Japan Isolated on China as G-20 Embraces Zhou's Yuan Plan
- Japanese finance chief Aso said China's plans lacked detail
- Other nations welcomed Chinese program to stabilize economy
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Japan was left isolated among Group of 20 nations after Finance Minister Taro Aso criticized a Chinese plan to stabilize its financial markets.
While most policy makers at a two-day meeting in Ankara publicly welcomed China’s explanation of how it plans to minimize the disruption from its economic transition, Japanese Finance Minister Taro Aso said the presentation was too short on detail to be useful. Aso was the only delegate to complain about the plan, according to two officials at the talks who asked not to be named.