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Korea and Japan Agree to Deepen Economic and Financial Cooperation
- The 9th Korea-Japan Finance Ministerial Dialogue held in Seoul for the first time in 8 years (June 25, 2024)
ㅇ Joint policy response to common challenges
- Shared experiences on policy efforts addressing common issues faced by both countries such as low birth rate and corporate governance reform initiatives
- Pledged to take joint steps to stabilize foreign exchange market volatility, sharing concerns over the depreciation of both countries’ currencies
ㅇ Mutual economic prosperity
- Welcomed the Korean government’s drive to improve foreign investors’ access to government bond investment and for inclusion in the World Government Bond Index (WGBI)
ㅇ Collaboration on global agendas
- Agreed to work closely together on regional and international financial issues through fora such as G20, G7, and ASEAN+3