Business
16:52, 24-Aug-2018
Finance ministers of Japan and China to meet in Beijing as relations improve
Updated
16:39, 27-Aug-2018
["china"]
Share
Copied
Finance ministers and officials from Japan and China are to meet in Beijing on August 31, according to a Japanese official. Japanese Finance Minister Taro Aso and his Chinese counterpart Liu Kun are expected to discuss financial cooperation, including reviving a dormant currency swap arrangement.
Japan and China have begun discussing a resumption of the arrangement, which means a swap worth about three trillion yen (27.15 billion US dollars), far bigger than the previous three billion US dollars line.
Aso, who also serves as deputy prime minister, may meet separately with Chinese Vice Premier Liu He, who is in charge of trade talks with Washington, Kyodo news agency reported.
That suggests the two sides may discuss the trade tensions with the United States, and how trade protectionism is threatening global economic growth, a shared concern among G20 economic powers.
Source(s): Reuters