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China and Japan sign three-year FX swap deal amid U.S. trade tension
By Tetsushi Kajimoto
Reuters
Friday, October 26, 2108
TOKYO -- Japan and China on Friday signed a currency swap arrangement of up to $30 billion -- the largest such bilateral deal concluded by Tokyo -- to strengthen financial stability and spur business activity in both countries, the Bank of Japan said. ...
The agreements were signed during Japanese Prime Minister Shinzo Abe's visit to Beijing for the first formal Sino-Japanese summit in seven years, as Asia's two biggest economies looked to further build relations and trust against a backdrop of trade friction with the United States. ...
... For the remainder of the report:
https://www.reuters.com/article/us-china-japan-agreements-swap/china-jap...
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