Japanese Finance Minister Katayama say unable to gauge the effect of a food sales tax reduction on prices at this stage and not in a position to discuss steps against possible oil supply deficits

Says:

• Will co-chair a session on critical minerals on the margins of the G7 meeting
• Private credit will be on the G7 agenda but no significant crisis is seen and Japan has no substantial exposure
• G7 finance ministers unanimously agree the Middle East situation should not be extended