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STORY: IMF /G20
TRT: 0.54
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: RUSSIAN / NATS
DATELINE: 19 APRIL 2013, WASHINGTON, D.C.
1. Wide shot, G20 briefing
2. Med shot, reporters
3. SOUNDBITE (Russian) Anton Siluanov, Russian Finance Minister and G20 President:
“We agreed that these would be soft parameters, these would be some kind of strategic objectives and goals which might be amended or adjusted, depending on the specific situations in the national economies.”
4. Med shot, reporter asking question
5. SOUNDBITE (Russian) Anton Siluanov, Russian Finance Minister and G20 President:
“The question of monetary easing in Japan was discussed.”
6. Wide shot, journalist
7. SOUNDBITE (Russian) Anton Siluanov, Russian Finance Minister and G20 President:
“In this regard, the task for the Japanese monetary authorities is to secure that this monetary easing does not lead to inflation, which, in turn will have an impact on the interest rates.”
8.Wide shot, G20 briefing
G20 Finance Ministers and Central Bank Governors met in Washington on Friday, and said they agreed not to set hard targets for reducing national debt levels. They also discussed Japan’s monetary stimulus effort.
After the meeting, G20 President Anton Siluanov briefed reporters on the talks. The G20 also issued a communiqué saying that officials would carefully watch for possible side effects from central bank’s loose monetary policy.
Siluanov said debt reduction is an important step, but the finance ministers did not set specific figures.
“We agreed that these would be soft parameters, these would be some kind of strategic objectives and goals which might be amended or adjusted, depending on the specific situations in the national economies,"
In a communiqué issued at the end of their meeting, G20 members said Japan’s large quantitative easing program is “intended to stop deflation and support domestic demand” – not devalue the yen.
“The question of monetary easing in Japan was discussed,” Siluanov said.
“In this regard, the task for the Japanese monetary authorities is to secure that this monetary easing does not lead to inflation, which, in turn will have an impact on the interest rates.”
