G7 countries confirm readiness to take measures to protect economy from virus

G7 countries have confirmed their commitment to take all possible steps to protect the global economy from the influence of the coronavirus, said Japanese Finance Minister Taro Aso on Tuesday after the group’s conference call.

According to a statement from on the U.S. Treasury website, finance ministers and central bank governors G7 are closely monitoring the spread of coronavirus and its impact on markets and economies.

Finance ministers are ready, if necessary, to take measures, including budget ones, to help respond to the virus and support the economy, the statement said.

According to the document, the central banks of the group will continue to maintain price stability and economic growth, as well as the stability of the financial system.