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Japan and South Korea agree to revive currency swap deal

Japan and South Korea agree to revive currency swap deal
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Japan, South Korea to discuss FX swap deal in first finance talks since 2016 - World

TOKYO: Japan and South Korea will hold their first bilateral finance dialogue in seven years on Thursday, with both.

Japan, S Korea to discuss FX swap deal in first finance talks since 2016

TOKYO (Reuters) -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 geostrategic risks from an increasingly assertive China and an unpredictable North Korea. Japanese Finance Minister Shunichi Suzuki and his South Korean counterpart, Choo Kyungho, are expected to agree on the need to restore a lapsed bilateral currency swap arrangement, according to three government officials with knowledge of the agenda for the talks in Tokyo. 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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