• Kyodo News


A $120 billion multilateral currency swap arrangement involving the Association of Southeast Asian Nations plus Japan, China and South Korea will be launched March 24, according to Finance Ministry officials.

The inception date was determined after a large majority of the countries’ finance ministers and central bank governors had signed the agreement as of last Thursday, the officials said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.