Will Japan-China Relations Improve with Meeting of Foreign Ministers? Finance ministers and officials from Japan and China are set to meet in the Chinese capital, Beijing on Aug. 31, according to a Japanese official said.
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Japanese Finance Minister Taro Aso and Chinese counterpart Liu Kun are anticipated to discuss financial cooperation, including revitalising a dormant currency swap arrangement. Japan and China have begun considering a resumption of the arrangement, which means to trade worth about 3 trillion yen ($27.15 billion), far greater than the previous $3 billion line.
Taro Aso, who also serves as deputy prime minister, may independently meet with Chinese Vice Premier Liu He, who is in charge of trade talks with Washington, according to Kyodo news agency reported. That hints at the two sides may discuss trade strains with the United States, and how trade protectionism threatens global economic growth.
The meeting comes after U.S. and Chinese officials ended two days of talks on Thursday, with no significant breakthrough, as their trade war intensified with activation of another round of duelling tariffs on $16 billion worth of each country’s goods.