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Japan, South Korea to end expanded currency swap deal

Posted on 10 October 2012

The governments of Japan and South Korea said Tuesday they have agreed to let the expanded part of their currency swap deal expire at the end of the month as scheduled, citing financial market stability and stable macroeconomic conditions.
Finance Minister Koriki Jojima said the decision was not connected to tensions between the two countries over the Takeshima islands in the Sea of Japan. The islands are called Dokdo in South Korea, which effectively controls them. The decision was “purely based on economic factors,” Jojima said………………………………………..Full Article: Source


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