UPDATE 1-Japan says no G20 growth target yet, possible on Sunday

Sat Feb 22, 2014 7:18am EST
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* G20 decision on growth target due Sunday - Japanese official

* Plan is to set target, then compile action plan in November

* Japan supports Australia's plan, calls for growth target

* Aso shrugs off worries on economy, says domestic demand strong

By Leika Kihara

SYDNEY, Feb 22 (Reuters) - Group of 20 finance leaders have yet to reach a conclusion on setting a numerical target for global growth, with a decision likely on the second day of talks on Sunday, a senior Japanese finance ministry official said.

"No decision was made today. It hasn't been raised to (the ministerial level) yet," Japanese Finance Minister Taro Aso told reporters after the first day of talks on Saturday.

A Japanese finance ministry official who accompanied Aso to Sydney said any numerical target will signal the group's "ambition" rather than act as a hard, binding goal.

The plan pursued by Australia is to come up with the global growth target now, then have each country develop an action plan and a growth strategy for delivery at the November G20 summit, he said.   Continued...