Japan, SoKor Tackle Closer Economic, Financial Ties

Japan and South Korea on Thursday will discuss ways to deepen bilateral economic and financial cooperation at their first finance dialogue in seven years, with the revival of a currency swap agreement in focus, Kyodo News reported.

Photo Insert: Japanese Finance Minister Shunichi Suzuki and his South Korean counterpart Choo Kyung Ho are expected to cover a range of topics.

Japanese Finance Minister Shunichi Suzuki and his South Korean counterpart Choo Kyung Ho are expected to cover a range of topics, from the state of regional and global economies, how to build robust supply chains and investing in overseas infrastructure, Mainichi Japan also reported.

The return of the dialogue framework provides further evidence that bilateral relations are thawing after a period in which they had been at a low ebb due to disagreements over wartime history.

When Suzuki and Choo met in South Korea in May, they agreed to resume the finance dialogue that was last held in 2016.

At focus is a currency swap agreement that would ensure access to foreign currencies like the US dollar in times of crisis, by exchanging local currencies.

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