HIGHLIGHTS-G7 finance leaders debate global economy, risks
SENDAI, Japan May 21 (Reuters) - Finance leaders of the Group of Seven (G7) advanced economies gathered in the northeast Japanese city of Sendai for a two-day discussion on issues ranging from the global economy, its risks and an appropriate policy response.
Below are key quotes from briefings by the finance leaders after the conclusion of G7 meetings on Saturday:
UNITED STATES TREASURY SECRETARY JACK LEW
On U.S.-Japan rift on exchange-rate policy:
"It's important that the G7 has an agreement not only to refrain from competitive devaluations, but to communicate so that we don't surprise each other and we have a clear understanding on what the potential consequences of actions might be...I've been clear in our analysis of current exchange rate movements. It's a pretty high bar to have disorderly conditions."
"Japan's monetary policy was consistent with the agreement to use domestic tools for domestic purposes. It's very important that it continues to be the case."
On G7 agreement on global growth, challenges: Continued...