Japan, Germany agree to cooperate on IMF reform

Japanese and German finance officials agreed Feb 20 to cooperate closely in implementing International Monetary Fund reforms and beefing up the international monetary system. The agreement follows a statement issued by the finance ministers and central bank chiefs of the Group of Seven (G-7) economic powers after their meeting in Palermo, Italy, on Feb 17.

At bilateral finance talks held at Germany's Finance Ministry, the two sides briefed each other on market regulatory steps being taken in