On 26-27 May, [Japan hosted the meeting of the G7 leaders](http://www.japan.go.jp/g7/index.html). The summit focused on the global economy, foreign policy and the migration and refugee crisis.

The leaders addressed major global economic and political challenges. They affirmed that global growth remains moderate and below potential, while risks of weak growth persist. *”Escalated geo-political conflicts, terrorism and refugee flows complicate the global economic environment. The rise of violent extremism, terrorist attacks and other challenges, pose serious threat to the existing rule based international order, as well as to common values and principles for all humanity.”*

Click [here](http://www.mofa.go.jp/files/000160266.pdf) for the joint statement.

**Global economy**

On the global economy, leaders committed to use all policy tools, including monetary, fiscal and structural, to swiftly achieve a sustainable and balanced growth pattern.

They reaffirmed their commitment to fight all forms of protectionism and to use trade to create economic opportunities for workers, consumers and firms.

The G7 also discussed tax transparency.