Britain plans to propose at this week's G20 finance ministers' meeting setting global growth

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targets to push each nation to set policy goals aimed at correcting imbalances, the Nikkei newspaper reported on Monday.

But it is unclear if there will be agreement as the idea of establishing global growth targets has met with opposition from several countries, the Nikkei said.

The G20 finance chiefs meet in St. Andrews, Scotland, on Friday and Saturday.

Specifically, the British proposal calls on each nation to come up with growth targets for the world economy over the next five years or so, the paper said.

Each nation would then announce policy goals, such as pledges to continue ultra-easy monetary policy for the foreseeable future, in a bid to correct the imbalances caused by growing current account surpluses in Asia and deficits in the United States, the Nikkei said.

But the Group of 20 rich and developing nations are likely to forgo setting numerical growth targets for each individual country, it said.