Tokyo and Beijing are considering ways to boost the IMF's resources to prevent Europe's sovereign debt crisis from dragging down the global economy, Finance Minister Jun Azumi said Saturday after talks with his Chinese counterpart in Tokyo.
While denying that Asia's two biggest economies had reached an agreement on whether to extend additional money to the International Monetary Fund, Azumi said they will continue to discuss the matter through "various channels."
He also repeated that Tokyo will determine its position by the time the finance chiefs of the Group of 20 leading economies gather later this month in Washington.