Breaking News-RTRS-Japan seeks new IMF emergency rescue scheme-Nikkei

TOKYO, Oct 10 (Reuters) - Japan will propose the creation of a new scheme under the auspices of the International Monetary Fund (IMF) that would mobilise countries' foreign currency reserves to help fund emergency loans to emerging nations facing financial crises, the Nikkei business daily reported on Friday.
Tokyo will make the proposal at a meeting of finance ministers and central bank chiefs from Group of Seven (G7) advanced countries in Washington on Friday, the newspaper said, without quoting specific sources.