Japan's Abe points to 2008 crisis as G7 leaders debate global risk

May 26, 2016 8:41 AM

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ISE-SHIMA, Japan Group of Seven leaders voiced concern about emerging economies on Thursday as their host, Japanese Prime Minister Shinzo Abe, made a pointed comparison to the global financial crisis eight years ago.

Abe said the G7 leaders agreed on the need for flexible spending to spur world growth but the timing and amount depended on each country, Deputy Chief Cabinet Secretary Hiroshige Seko told reporters, adding some countries saw no need for such spending.

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