Japan, China and South Korea FinMins To Meet Ahead of G20

Finance ministers and central bank governors of Japan, China and South Korea will hold their first meeting in over two years on Friday in Cairns, Australia ahead of the weekend meetings of the Group of 20 nations there, Japan’s Finance Ministry said Tuesday.

Until 2012, the three Asian countries had held such a meeting almost every May on the sidelines of an annual meeting of the Asian Development Bank, but have since skipped it without clarifying why amid strained ties between Japan and the others.

Chinese and South Korean criticism of Japanese Finance Minister Taro Aso’s visit to Yasukuni Shrine in Tokyo last year and the April sinking of a passenger ferry in South Korea are believed to be behind the lack of the tripartite meeting last year and this May, respectively.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza