G7 concerned over emerging markets; PM Abe makes Lehman comparison

[WorldNews]

ISE-SHIMA, Japan (Reuters) - Group of Seven leaders voiced concern on Thursday about emerging economies, a senior Japanese official said, as their host, Japanese Prime Minister Shinzo Abe made a pointed comparison to the global financial crisis. "G7 leaders voiced the view that emerging economies are in a severe situation, although there were views that the current economic situation is not a crisis," Deputy Chief Cabinet Secretary Hiroshige Seko told reporters after during the first day of a two-day G7 summit in Ise-Shima, central Japan. Abe told the group that they shared the view on the risks to the global economy, Seko said.

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