Group of Seven finance ministers and central bank governors have begun two days of meetings in northern Italy.
Officials are expected to discuss the status of the global economy and risks to it, including persistent inflation in the United States.
They will also exchange opinions on the impacts of Russia's invasion of Ukraine and tensions in the Middle East on energy prices and trade.
Japan's Finance Minister Suzuki Shunichi and Bank of Japan Governor Ueda Kazuo are among the participants.
The agenda also includes the treatment of Russia's frozen assets.
Discussions may also cover China's electric vehicle overcapacity, which the US has raised as a concern, and the growing use of artificial intelligence in financial and economic areas.