Korea, Japan finance ministries discuss bilateral exchanges, latest economic developments

In a recent vice finance ministerial-level meeting held in Japan, officials from South Korea and Japan discussed bilateral exchanges and the latest economic developments in global financial markets. The meeting, which took place in Tokyo, saw Moon Ji-sung, the deputy minister for international affairs at the Ministry of Finance and Economy in South Korea, engage in discussions with Atsushi Mimura, the vice minister of finance from Japan.

During the meeting, both countries exchanged views on recent trends in the global economy and financial markets, while also sharing their efforts to tackle related challenges. They also explored avenues to foster bilateral exchanges and address pending issues on multilateral platforms, such as ASEAN+3 and the Group of 20 (G20).

The finance authorities of both nations pledged to maintain close coordination at both senior and working levels to ensure the smooth functioning of their economies. Earlier this month, Moon Ji-sung had commented that South Korea was maintaining close communication with Japan, amid market speculation that financial authorities in both countries might have intervened in the foreign exchange market.