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Japan-South Korea ties

Japan-South Korea thaw spreads to economy as finance chiefs meet

Tourism and trade enjoy major windfall after years of tensions

Tourists from South Korea buy duty-free goods at Fukuoka Airport in January. (Photo by Shinya Sawai)

INCHEON, South Korea -- Economic exchanges between Japan and South Korea are ramping back up amid recent improvements in diplomatic ties, with finance ministers agreeing to resume regular dialogue at their first formal meeting in seven years on Tuesday.

Japanese Finance Minister Shunichi Suzuki and South Korean Deputy Prime Minister Choo Kyung-ho, who serves concurrently as economy and finance minister, started the meeting in Incheon with a smile and a handshake.

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