Japan and S Korea to end currency swap pact, Bank of Korea confirms

Japan and S Korea to end currency swap pact, Bank of Korea confirms

What a pity. Well, the blame can be laid firmly at the feet of right-wing elements in the LDP (for the soured ties)

uhuh, well Japan’s foreign exchange reserves only totaled $1.28 trillion...

Korea's Park Administration is equally to blame as well.

If they don't need it anymore, I guess it's okay this way, nobody is to blame. South Korea isn't weak like it was in the 90s, when Japan actually helped it a lot.

It served it's purpose back then. Now it's time to move on.

****I write here a column of Kankoku Mainichi Keizai Newspaper, released on Nihon Keizai Newspaper, Febr. 25, 2015. which is the matter of fact of currency swap treaty, under going to terminating coming month. It's OK. One thing I am shocked, they write this matter in quite different sense from us, average people of Japan, here in Tokyo, with which once we used to recognize how friendly Japan support Korea as her counterpart , for instance,on the occasion at Asia Monetary Crisis of 1997. Their column said Japan had bluntly and cold withdrew her money from them. It seems they have had almost no acknowledge or thanks to Japan's generous attitude to help them. It is quite sad ,if we are standing out of the fact what was really happen then. Yassie.