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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