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The finance and central bank chiefs of Japan, China and South Korea gather in Yokohama on May 5 on the sidelines of the ADB's annual meeting. (Photo by Kosaku Mimura)
ADB Annual Meeting 2017

Japan, China, South Korea decry protectionism in rare show of unity

Finance and central bank chiefs meet to discuss financial safeguards for Asia

MITSURU OBE, Nikkei staff writer | China

YOKOHAMA -- The finance ministers and central bank chiefs of Japan, China and South Korea issued a joint statement Friday opposing protectionism and promoting currency cooperation among Asian countries.

"We will resist all forms of protectionism," the officials said in a joint message issued after an hour-long meeting the same morning. "We agree that trade is one of the most important engines of economic growth and development, and contributes to improving productivity and creating jobs," the message read.

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