Yellen urges G-7 to help poorer nations counter China, Russia threats

Japanese finance minister says he will listen to like-minded countries outside of the rich group

20230511 Janet Yellen

U.S. Treasury Secretary Janet Yellen speaks during a press conference at the G-7 meeting of Finance Ministers and Central Bank Governors in Niigata, Japan on May 11. (Photo by Tomoki Mera) 

SAYUMI TAKE, Nikkei staff writer

NIIGATA, Japan -- U.S. Treasury Secretary Janet Yellen called on the Group of Seven rich democracies to build economic resilience to help developing nations counter the threat of nondemocratic states like China and Russia.

"Our goal is not only to enhance resilience for ourselves," Yellen told reporters in the Japanese city of Niigata ahead of a three-day meeting of G-7 finance chiefs. "It is also to build resilience for our allies and partners -- including developing countries around the world."

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