April 23, 2024
Economy
Central bank heads of Korea, China, Japan to meet
[THE INVESTOR] The heads of the central banks of Korea, China and Japan are set to begin annual talks on Sept. 13, an official said.
Bank of Korea Gov. Lee Ju-yeol is scheduled to meet with his Chinese counterpart Zhou Xiaochuan and Japanese counterpart Haruhiko Kuroda in Songdo, a city west of Seoul, the official said.
The three neighbors have taken turns hosting a meeting of governors of their central banks since 2009 to promote cooperation and regional financial stability.
A key issue at the two-day meeting is whether Lee and Zhou will discuss a bilateral currency swap agreement that is set to expire next month.
Some Koreans are concerned that the diplomatic tension between Seoul and Beijing could jeopardize the currency swap agreement.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Bank of Korea Gov. Lee Ju-yeol is scheduled to meet with his Chinese counterpart Zhou Xiaochuan and Japanese counterpart Haruhiko Kuroda in Songdo, a city west of Seoul, the official said.
The three neighbors have taken turns hosting a meeting of governors of their central banks since 2009 to promote cooperation and regional financial stability.
A key issue at the two-day meeting is whether Lee and Zhou will discuss a bilateral currency swap agreement that is set to expire next month.
Some Koreans are concerned that the diplomatic tension between Seoul and Beijing could jeopardize the currency swap agreement.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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