Forex Dictionary

G8 Meeting

G8 Meeting

The Group of Eight (G8) Finance Ministers and Central Bankers will begin a 2-day meeting in Osaka Japan to discuss a range of global economic issues including oil, food inflation, and exchange rates. Although the meeting is closed to the press, officials are expected to talk with reporters throughout the day. A press conference is usually held at the conclusion of the meeting. The G8 consists of the world’s richest nations - United States, Japan, Germany, United Kingdom, France, Italy, Canada, and Russia - who together represent about 65% of the world economy. Though not an institution, the G8 represents an important global policy making process at the highest level, and at times their policies can have an impact on the currency markets.