Japan, China agree to strengthen financial cooperation

Japan and China have agreed to increase financial cooperation and reopen a bilateral dialogue on economic and policy issues.

The two countries' finance ministers met in Yokohama on the sidelines of the 50th annual meeting of the Asian Development Bank, Efe news reported.

Taro Aso and his Chinese counterpart Xiao Jie, as well as representatives of both countries' central banks, agreed on the need to strengthen cooperation in areas of mutual economic, financial and investment interest. "Both sides recognized the necessity of economic restructuring", according to a joint statement.

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