(VOVworld) -  G7 leaders pledged on Thursday to implement flexible financial measures and structural reforms to spur world growth, amid the economic slowdown in China and other emerging economies.

Participants at the G7 summit (clockwise from front) Japanese Prime Minister Shinzo Abe; French President Francois Hollande; British Prime Minister David Cameron; Canadian Prime Minister Justin Trudeau; European Commission President Jean-Claude Juncker; European Council President Donald Tusk; Italy's Prime Minister Matteo Renzi; German Chancellor Angela Merkel; and U.S. President Barack Obama in Shima, Mie Prefecture, Japan on ThursdayReuters

The G7 will not hesitate to launch a fiscal stimulus to encourage demand and cope with migration, natural disasters, and other problems facing each member state, said a Japanese official after the first day of the two-day summit in Mie province, Japan.
Japanese Deputy Chief Cabinet Secretary Hiroshige Seko told reporters that G7 leaders agreed that the timing and amount of any fiscal stimulus package will depend on a country’s specific circumstance.
The slowdown in emerging economies poses multiple risks to the global economy and G7 will take the lead in achieving sustainable growth of the global economy.
The same day on the sidelines of the G7 summit, German Chancellor Angela Merkel said that the Group of Seven has no plan to withdraw sanctions slapped on Russia for its involvement in the conflict in eastern Ukraine and that there no change of position should be expected from the G7.