Japan, S Korea to discuss FX swap deal in first finance talks for 7 years

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Japan, S Korea to discuss FX swap deal in first finance talks for 7 years
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TOKYO : Japan and South Korea will hold their first bilateral finance dialogue in seven years on Thursday, with both looking to mend strained ties as they face common geo-strategic risks from an increasingly assertive China and an unpredictable North Korea.Japanese Finance Minister Shunichi Suzuki and his

TOKYO : Japan and South Korea will hold their first bilateral finance dialogue in seven years on Thursday, with both looking to mend strained ties as they face common geo-strategic risks from an increasingly assertive China and an unpredictable North Korea.

The swap deal expired in 2015 amid worsening relations over issues related to Japan's wartime occupation of the Korean Peninsula, and its restoration would symbolise the improvement in relations, analysts say.

 

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