Japan and China are gearing up to resume high-level economic dialogue later this month after a hiatus of more than seven years, sources close to bilateral relations said Saturday.

The parley, to be held in Japan, is likely to be timed to coincide with Chinese State Councilor and Foreign Minister Wang Yi's envisaged visit around April 15, the sources said.

The last such dialogue was held in Beijing in August 2010, and it is hoped that a resumption of the dialogue will help deepen a strategic, mutually beneficial relationship between the countries as they mark the 40th anniversary this year of their peace and friendship treaty, they said.