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Why does South Korea want currency deal with Japan?

The Bank of Korea headquarters in Seoul. (Photo by Masayuki Kozono)

TOKYO -- Talk is growing of reviving the currency swap agreement between Japan and South Korea that expired in February 2015. It is South Korea that broached the idea of concluding a new deal, which would enable each country to secure dollars from the other in exchange for its own currency during financial emergencies.

Yoo Il-ho, incoming deputy prime minister for economic affairs and minister of strategy and finance   © yonhap/kyodo

     What prompted South Korea's move?

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