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International relations

Japan and China iron out currency swap revival ahead of summit

Finance chiefs decry protectionism but gap emerges on how to deal with US

Japanese Finance Minister Taro Aso, left, and Chinese Finance Minister Liu Kun co-chaired the annual bilateral finance dialogue on Friday in Beijing.   © Kyodo

BEIJING -- Japan and China agreed Friday to accelerate cooperation in financial areas, including the resumption of currency swaps, laying the groundwork for a formal deal at a summit that the two sides hope to hold in October.

"Both sides agreed to work expeditiously on the initiatives agreed between the leaders of China and Japan in May 2018," top finance officials said in a joint statement after the annual bilateral finance dialogue held at the Diaoyutai State Guesthouse here. The delegations were led by Japanese Finance Minister Taro Aso and his Chinese counterpart Liu Kun.

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