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To: Ahda who wrote (47337)	1/23/2000 10:34:00 AM
From: long-gone	Respond to of 116768

January 23, 2000 G7 lauds world's growth, fudges currencies By WILLIAM MALLARD Tokyo, Jan 22 (Reuters) - The world's leading industrial powers congratulated themselves on Saturday for achieving a brighter global economic outlook but papered over their differences on the ever-sensitive issue of currencies. After a one-day meeting in Tokyo, finance ministers and central bank chiefs of the Group of Seven nations issued a statement that scarcely strayed from their economic assessment last September, with doubts over Japan still to the fore. "I think the most important thing for Japan and for the global economy is that sustained domestic demand-led growth be achieved in Japan," US Treasury Secretary Lawrence Summers said after the meeting at which he got much of what he wanted - but lost to Germany and France over his euro concerns. Discord over whose economy posed the greatest risk to continued global prosperity simmered in the background. The United States, complaining it is tired of being the world's sole engine of growth, wants (cont) woza.co.za