Japan and South Korean FinMins Meet End of This Week

The Finance Ministry said Tuesday that the finance ministers of Japan and South Korea will hold talks in Washington on Friday afternoon, their first meeting since November 2012.

Finance Minister Taro Aso will meet with his South Korean counterpart, Choi Kyung Hwan, on the sidelines of a meeting of finance ministers and central bank chiefs from the Group of 20 advanced and emerging economies, which will start in the U.S. capital on Thursday, the ministry said.

Aso and Choi are expected to discuss not only the economic situation in their countries but also the Chiang Mai Initiative multilateral currency swap arrangement and other financial cooperation in Asia.

Japan and South Korea have failed to hold a meeting between their finance ministers due to disputes over territorial and other issues, but the meeting’s resumption was realized at the request of Seoul.

via Japan News

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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