3 September 2018

Aso to visit Beijing for finance dialogue

Wednesday, August 29, 22:14The finance ministers of Japan and China will meet in Beijing to discuss strengthening financial cooperation. The first finance dialogue between the 2 countries to be held in a year is to take place on Friday. Taro Aso will travel to Beijing the day before. Aso and top officials of his ministry are expected to hold talks with their Chinese counterparts, led by Finance Minister Liu Kun.  The 2 sides will likely discuss resumption of a currency swap line during a financial crisis. The facility expired 5 years ago.

Talks will also include the creation of a framework that will allow private firms in Japan and China to jointly build infrastructure in a third country.

The finance minister also hopes to hold separate talks with key Chinese government officials to exchange views on the escalating trade war between China and the United States.

Aso seeks to strengthen financial and economic cooperation with China to improve bilateral relations. Japan's Prime Minister Shinzo Abe desires to visit China later this year.

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