Britain Willing to Give Japan Its No. 2 IMF Rank
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LONDON — Britain is willing to let Japan, the world’s second-largest economy, take its place as the second-ranking shareholder in the International Monetary Fund, a British Treasury spokesman said Wednesday.
Japan, which now holds fifth place in the Washington-based agency in which the United States is the largest shareholder, has long been pushing for a higher IMF ranking to reflect its growing economic strength.
Under the British proposals, which could be discussed at a Jan. 25 meeting of the IMF’s policy-making Interim Committee, Britain would drop to fourth place.
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