Central bankers Ben S. Bernanke, Mervyn King and Jean-Claude Trichet need all the help they can get to fend off a global recession and restore confidence to financial markets.
Government officials from the world’s wealthiest nations will meet in Tokyo this week under pressure to devise responses that go beyond monetary policy amid mounting evidence, six months after credit markets seized up, that central banks can’t solve the world’s economic woes by themselves.
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