G20 aim at food prices first to fight inflation 70% giant CEOs bullish outlook

US Federal Reserve Chairman Bernanke (left), Bank of England Governor Mervyn and French finance minister Lagarde attended a press conference held before the G20 finance minister.　　(Agence France-Presse map) to draw up the standard of economic imbalance Japan pointed out that countries or failed to reach a consensus standard G20 group (G20) finance ministers and central bank governors meeting February 18 in Paris, and ended on 19th.　　France has long wanted to be a part of the G20 Presidency, including promoting financial reform and setting standards to measure global economic imbalances so that countries can quickly devise measures to improve imbalances.　　France, which is the president, wants to make a number of reforms, including controlling prices for commodities, especially agricultural products, tackling global imbalances and inflation, and accelerating global financial reform, which has become a common threat to emerging and developed countries, with France treating soaring food prices and dealing with commodities as the main issue. France has long wanted to be a part of the G20 Presidency, including promoting financial reform and setting standards to measure global economic imbalances so that countries can quickly devise measures to improve imbalances. But Japan's finance Yoshihiko Noda says countries may not be able to agree on measures to measure global economic imbalances. Mr Noda said: "It is difficult to confirm whether countries will agree to all the indicators, but I think we can get an agreement in some part." From the discussion in the Working Group, I felt two divisions of opinion among countries. "To replicate the transparency of agricultural products, the recent rise in food prices, the United Nations Food and Agriculture Organization and the World Bank has called on countries to tackle the problem."　　Pre-session G20 is studying to increase transparency in agro-markets, including the publication of global agricultural supply and improved production forecasting mechanisms, but the United States, Canada and Brazil have expressed opposition to further regulation, and Brazil says only increased production will solve the problem of rising prices.　　The amount of money flow is not stable on global macroeconomic issues, the preparation of the International Monetary Fund for the two-day meeting means that quantitative easing in the US may cause instability in the flow of funds.　　The report pointed out that in some developed countries, the slowdown in economic growth, curb wages and inflation, so the breadth of the country itself is "the right policy", but in terms of external influence, the United States is wide or lead to instability in capital flows.　　The report also pointed out that the global economic recovery is accelerating, but countries are different speed, the developed countries still have a relatively high risk of economic decline, and emerging markets or growth overheating.　　Bernanke defended QE2, US Federal Reserve Chairman Ben Bernanke, and defended the introduction of a second round of quantitative easing by the United States (QE2) that triggered hot money inflows into emerging markets.　　While Mr Bernanke agrees with the flow of funds or poses challenges to international macroeconomic and financial stability, he suggests that the lack of flexibility in some countries is also responsible for the flow of money. The job market is not recovering. The U.S. core inflation rose 1% per cent in the year to October, a significant rebound from 0.6%, reflecting inflation or bottoming out last month. The Reserve's round of quantitative easing (QE2) seems to have reversed the inflation decline, but because the USWith high unemployment, it is difficult for the reserve department to speed up its tightening policy. 9% unemployment is hindering consumption and inflation stabilizing core inflation is the main objective of the QE2. Economists generally agree that inflation has bottomed out and expect that, as the economy continues to recover, the QE2 will not have to launch a QE3 after the end of the asset purchase scheme in June, but the data do not lead to an early turnaround in the reserve.　　The reserve Bureau will have to wait and see for a few more months of inflation data, together with the improvement in labour and property data, before deciding on the time to start tightening policy.　　Paul Ashworth, chief U.S. economist at Capital Economics, said it was believed that high unemployment would dampen the rise in the price of most consumer products, and that the current 9% per cent unemployment rate in the United States would put considerable pressure on core inflation, making it difficult to sustain a rebound. Seven into Giants CEO bullish Outlook the survey by the Business Council and the Conference Bureau of the United States ' chief executives of big corporations found that their optimism about business and the economy warmed. 70.4% The chief executive expects that the improvement in business conditions over the next six months is more than 34.2% of the last survey, prompting them to expect the reserve to start raising interest rates before December this year. But the government's continued tightening of monetary influence has reduced the prospect of a continued improvement in China's business situation in the next six months from 49.3% to 46%.