A G-7 summit held in northern Japan paid little attention to the trouble that was brewing, he said. "We learned a lesson that we failed to respond properly because we did not have a firm recognition of the risks," Abe told reporters. I will appeal to G-7 leaders to take up this challenge." During the talks, Abe compared the current global economic situation to conditions just before the 2008 financial crisis. And honestly speaking, if they (the G-7) don't take the lead in managing this crisis, nobody else will.

Source: ABC News May 25, 2016 19:58 UTC