This year's G20 Summit will be held in Japan later this summer and the global trade imbalance will likely be high on the agenda. As the country prepares to host the international forum for the first time, our correspondent Mayu Yoshida had a chance to sit down with Japanese Vice Finance Minister Masatsugu Asakawa to talk about what he expects from the meeting.

MAYU YOSHIDA TOKYO "Japan will host the G20 summit in June and its likely to highlight global imbalances as key topics of trade. What specifically would you like the G20 nations to discuss in order to fix the trade issue?"

MASATSUGU ASAKAWA, VICE FINANCE MINISTER JAPAN "G20 cannot intervene directly bilateral negotiation, right? What I would like to do in terms of G20 discussion is to support the solution, possible solution. Under the presidency, we would like to resume this discussion to recognize that imbalance should be looked at multilateral context not only in a bilateral context but multilateral context."

MAYU YOSHIDA TOKYO "We just learned that the OECD cut its global economic forecasts again for this year and next. Of course, there's the slowdown in China and uncertainties over trade dispute. What's your take on the global economy? What are the risks?"

MASATSUGU ASAKAWA, VICE FINANCE MINISTER JAPAN "Chinese economy is slowing down. It is true. But at the same time, they are now trying to stimulate domestic demand while expanding fiscal spending and also by maneuvering monetary policy orientation. Also considering impact on emerging market, as I told you, looks like FOMC has changed tone for its monetary policy orientation in January meeting. That has provided very positive impact so far on emerging market economy. So I would say, for time being, risks have been well contained and controlled."

MAYU YOSHIDA TOKYO "Japan and China signed a currency swap last fall. What's your take on the economic and financial relation between Asia's two biggest economies?"

MASATSUGU ASAKAWA, VICE FINANCE MINISTER JAPAN "Actually financial corporation between Japan and China has been dramatically improving. One is currency swap as you mentioned between Renminbi and Japanese yen. Secondly (yuan) clearing bank, there has been no clearing bank in Tokyo market to settle Renminbi and Yuan transaction. Now China is saying that they will approve that the establishment of clearing bank in Tokyo, which means as settlement of Yuan transaction can be, would be able to conduct here. So people would not have to go to Shanghai market or Hong Kong market to do that. That is great. It is great achievement in terms of Japan China financial corporation. I think that is one of reflection of that diplomatic relationship with china has been improving."