KYODO NEWS - Jul 8, 2017 - 20:03 | All, World

Japan will host a summit meeting of the Group of 20 advanced and emerging economies for the first time in 2019, a G-20 source said Saturday.

Argentina plans to assume the presidency of the G-20, a forum to discuss a variety of global issues, next year. The latest round of the G-20 summit is being held in the German port city of Hamburg through Saturday.

The G-20 has held an annual summit since 2008 when a major financial crisis hit the global economy.

The G-20 groups Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the European Union.