Speaking to reporters after a cabinet meeting, Aso underscored the importance of strengthening regional financial ties given the COVID-19 crisis.
Aso made the comment ahead of the annual meetings of finance ministers and central bank governors from China, Japan, South Korea and the 10-member Association of South East Asian Nations scheduled to be held via teleconference. The CMIM plays a crucial role in supporting regional financial stability by allowing the member economies, which include the ASEAN+3 and Hong Kong, to tap currency swap lines to secure currencies in need.