PARIS - G7 finance ministers acknowledged mounting concern over public debt and bond market volatility as they met in Paris on Monday in the wake of a bond market selloff triggered by fears over inflation risks from the Iran war.
French Finance Minister Roland Lescure said: "We are no longer in a period where public debt is not a subject."
Japanese Finance Minister Satsuki Katayama said she was instructed by Prime Minister Sanae Takaichi to "minimize various risks" when asked about the rise in long-term interest rates.
International Monetary Fund chief Kristalina Georgieva said: "Don’t put in place measures that would make the situation worse."
The meeting sets the stage for a leaders’ summit in Evian from June 15 to 17.
