G20 leaders, Japan and Poland push policy shifts as SoftBank data unit seeks Nasdaq debut

During a two-day summit in Asheville, North Carolina, G20 finance chiefs—apart from China—affirmed a consensus to eliminate non-market policies and to keep exchange rates aligned with underlying fundamentals. The G20 chair’s statement highlighted this commitment after the meeting’s close. In a parallel meeting, U.S. Treasury Secretary Scott Bessent urged the Bank of Japan’s Governor Kazuo Ueda to maintain prudent monetary policy, noting the yen’s undervaluation and its impact on domestic inflation.

Meanwhile, Japan’s foreign minister Toshimitsu Motegi and Poland’s Radoslaw Sikorski met in Slovakia, agreeing to synchronize assistance for Ukraine’s recovery and to treat European and Asian security as linked. In a separate development, SoftBank Group’s data-center subsidiary SB Energy Inc. filed for an initial public offering on the Nasdaq, with plans for a major Ohio facility and a 20-year lease with OpenAI. Additional items included a Japanese atomic-bomb survivors’ group condemning nuclear weapons at a UN forum and Japanese high-school students urging limits on AI in warfare at the UN office in Geneva.