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G-7 will act on financial instability if needed: Japan vice minister

Top currency diplomat Kanda says regulators should plan for bank runs in digital age

Masato Kanda, Japan's vice finance minister for international affairs, speaks with Nikkei on April 28. (Photo by Hana Slevin Ohama)

TOKYO -- The Group of Seven rich nations will take action if necessary to maintain financial market stability, Japan's top currency diplomat said ahead of a meeting with G-7 counterparts.

G-7 finance ministers and central bank chiefs are set to meet in the Japanese city of Niigata days before the leaders summit in Hiroshima on May 19-21.

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