Finance Minister Kiichi Miyazawa and Bank of Japan Gov. Masaru Hayami will join their Group of Seven counterparts for a meeting in Prague on Saturday that will inevitably focus on soaring oil prices, the euro's weakness and the potential damage these trends pose for the world economy.
Although the G7 finance ministers and central bankers may express concern over the issues, the specific steps the G7 will agree on to correct the problems remain unclear, Miyazawa told reporters.
The gathering is scheduled to take place in the Czech capital Saturday, followed by a series of subcommittee meetings of the World Bank and the International Monetary Fund. The series of meetings will be wrapped up by the joint annual general assembly of the two financial bodies on Tuesday.
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