Advertisement

Rivals Tokyo, Beijing agree to strengthen financial cooperation

IANS | Updated on: Thursday, May 30, 2019, 07:00 AM IST

Advertisement

Tokyo : Japan and China have agreed to increase financial cooperation and reopen a bilateral dialogue on economic and policy issues.

The two countries’ finance ministers met in Yokohama on Saturday on the sidelines of the 50th annual meeting of the Asian Development Bank, which concludes on Sunday, Efe news reported.

Taro Aso and his Chinese counterpart Xiao Jie, as well as representatives of both countries’ central banks, agreed on the need to strengthen cooperation in areas of mutual economic, financial and investment interest.

Advertisement

“Both sides recognized the necessity of economic restructuring”, according to a joint statement. Saturday’s meeting was the first since 2015, with another planned for 2018.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Monday, May 08, 2017, 12:15 AM IST