China and Japan sign three-year FX swap deal amid U.S. trade tension

Section:

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...



ADVERTISEMENT

Do You Own Gold in the Safest Way?

Do you own gold via an ETF, a digital gold provider, or another form of pooled gold?

Did you know that only a tiny fraction of their gold holdings are effectively available for delivery in coin or bar format at any one time?

GoldCoreGraphic

Direct Access Gold reduces counterparty risk and systemic risk and ensures liquidity, competitive pricing, and outright ownership of investors' gold.

Direct Access Gold protects our clients against certain systemic risks, including cyberwar involving electrical grid & internet outages.

In the event of a technological failure, digital gold or exchange-traded fund providers may become uncontactable and you may not be able to sell or access your gold.

Direct Access Gold gives gold owners the ability, in the event of certain geopolitical, digital, and systemic events, to take delivery or move their gold to a location of their choice.

For key information and a video about Direct Access Gold, please visit:

https://info.goldcore.com/direct-access-gold



Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16