ASEAN+3 discuss cooperation in response to financial crises World

ASEAN+3 discuss cooperation in response to financial crises

Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them.
Japan proposes currency swap deal to ASEAN ASEAN

Japan proposes currency swap deal to ASEAN

Japan on May 5 proposed a new type bilateral currency swap agreement, worth 40 billion USD, to the ASEAN to tackle short-time liquidity difficulties during crisis time, Kyodo News Agency reported.