Japan, China and South Korea Agree to Avoid Geopolitical Turmoil

September 22, 2014 Share Print 0

Financial policymakers of Japan, China and South Korea agreed to work together to ensure that geopolitical tensions will not threaten the region’s economic recovery.

“We recognize that the global recovery continues, while it is uneven and downside risks remain,” the finance ministers and central bank governors said in a statement issued after their first trilateral meeting in more than two years.

“We shared the view that we should strengthen our regional capabilities to manage financial and economic risks and respond to possible crisis” through policy dialogue, they said after the meeting, held on the sidelines of the Group of 20 finance leaders’ gathering in the Australian city of Cairns.

The policymakers agreed to hold the next trilateral meeting in Baku, Azerbaijan, in May 2015.

via CNBC

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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.