G7 talks focus on ways to fortify banks as China accuses group of hypocrisy

G7 finance ministers and central bank governors with invited non-G7 countries’ counterparts in Niigata (AP)

Bank runs, cyber security and building more reliable supply chains to ensure economic security were among the items on the agenda of closed-door financial talks in Japan by the Group of Seven advanced economies (G7).

Tensions with China, and with Russia over its war on Ukraine, loomed large on the wide horizon of issues the G7 is tackling this year in Japan – its only Asian member.