https://sputnikglobe.com/20180821/japan-china-revive-currency-swaps-1067363248.html
Japan, China Seek to Revive Bilateral Currency Swaps Worth $27Bln - Reports
Japan, China Seek to Revive Bilateral Currency Swaps Worth $27Bln - Reports
Sputnik International
MOSCOW (Sputnik) - Japanese and Chinese governments are discussing possible resumption of bilateral currency swaps between their central banks in case of a... 21.08.2018, Sputnik International
2018-08-21T13:40+0000
2018-08-21T13:40+0000
2018-08-21T13:54+0000
https://cdn1.img.sputnikglobe.com/img/105539/16/1055391618_0:53:4852:2796_1920x0_80_0_0_3c640c7e52f42ed911e92dbaadb1d6fe.jpg
japan
china
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2018
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
newsfeed, japan, china, xi jinping, taro aso, abe
newsfeed, japan, china, xi jinping, taro aso, abe
Japan, China Seek to Revive Bilateral Currency Swaps Worth $27Bln - Reports
13:40 GMT 21.08.2018 (Updated: 13:54 GMT 21.08.2018) MOSCOW (Sputnik) - Japanese and Chinese governments are discussing possible resumption of bilateral currency swaps between their central banks in case of a financial crisis with the new arrangement expecting to reach 3 trillion yen ($27 billion), the Kyodo news agency reported on Tuesday.
According to the local media, the issue will be addressed at the Japan-China Financial Dialogue set to take place in Beijing this month. Japanese Finance Minister Taro Aso and his Chinese counterpart Liu Kun are expected to participate in the event.
15 August 2018, 02:08 GMT
The media outlet noted that the scale of the new swap arrangement would be significantly bigger than the previously agreed $3 billion agreement, as the two countries hoped to strengthen financial security network and support the expansion of business ties between Japan and China.
The Japanese side is summarizing the final draft agreement ahead of the meeting between Prime Minister Shinzo Abe and Chinese President Xi Jinping slated for October and hopes that it would become a symbol of improving relations.
