Visiting Thai Finance Minister Tarrin Nimmanahaeminda expressed a desire Friday to see more yen-denominated loans extended by Japanese financial institutions, because the bulk of the loans are now in dollars.

The issue came up during a meeting with Finance Minister Hiroshi Mitsuzuka, in which the Japanese side lauded Bangkok’s efforts to resurrect its financial sector, including the recently announced closure of 56 financial companies. Thailand is undertaking reforms of its economy as agreed to under an assistance package led by the International Monetary Fund.

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