by Daniel Rook 1 hour, 3 minutes ago TOKYO (AFP) - Top world finance ministers warned Saturday that the global economy faces growing threats from a US housing slump and credit crunch and said they were ready to take remedial action if needed.But the finance chiefs from the Group of Seven industrialised nations promised no new concrete measures to shore up their economies and markets in light of the recent subprime loan crisis.
The G7 -- Britain, China, France, Germany, Italy, Japan and the United States -- warned in a joint statement after a one-day meeting in Tokyo that "risks have become more skewed to the downside" in the United States.
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