APEC nations vow to pursue ‘flexible’ fiscal policies

BEIJING: Countries in the Asia-Pacific Economic Cooperation bloc will implement flexible fiscal policies to support the global economy and job creation, the finance ministers of the member nations said in a joint statement on Wednesday.

The 21-member economic bloc would address weakness in the global economy by pursuing structural reforms that unleash new sources of growth, the statement said.

"We will continue to implement our fiscal policies flexibly, taking into account near-term economic conditions," the joint statement said.