China-Japan sign three-year FX swap deal to strengthen financial stability, business activity

Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe, Chinese Foreign Minister Wang Yi and Japanese Foreign Minister Taro Kono attend a signing ceremony at the Great Hall of the People in Beijing, China October 26, 2018. REUTERS/Thomas Peter

TOKYO (Reuters) – Japan and China on Friday signed a currency swap arrangement of up to $30 billion – the largest such bilateral deal concluded by Tokyo – to strengthen financial stability and spur business activity in both countries, the Bank of Japan said. The arrangement, which takes effect on Friday and lasts until Oct. […]

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