politics

Japan, S Korea hold first finance leaders' meeting in 7 years

15 Comments
By Leika Kihara and Jihoon Lee

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15 Comments
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That picture is so merry. At least they didn't cross their arms. Are they going to use their own currencies more instead of the dollar?

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Inflation's JOB #1 - TRUE Cancer making it impossible to have strong economic growth.

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Japan, which co-chairs this year's ASEAN+3 meeting with Indonesia, hopes to discuss a network of currency swap lines called the Chiang Mai Initiative Multilateralisation (CMIM).

Specifically, Tokyo is keen to propose a facility that enhances the use of existing currency swap lines and allows members to tap funds in emergencies, said three sources with direct knowledge of the matter.

Wao, what a tolerant approach if you know what SK finance leader(s) stated to Japanese ones, face to face, when the maturities of JPY/KWN currency swaps had came up...

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The politician talks is just a cotradictions by hipocrits! money goes and the benefict is going to who!? let me guess! there you have it! G7! I wish to discover each end every members of a politicals partys in the world! just to chek how much they are paying taxes, or anythings else! and we will find many secrets!

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The ever increasing friendship is positive news for the citizens of both countries. Let's build the Fukuoka-Busan tunnel!

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That picture is so merry. At least they didn't cross their arms. Are they going to use their own currencies more instead of the dollar?

No, because nobody wants the renminbi and only China hates the US.

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It would seem that the more important story if the tri-lateral meeting.

Foreign exchange (FOREX) reserves by country:

China: $3.38 trillion

Japan: $1.28 trillion

South Korea: $414 billion

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

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It would seem that the more important story if the tri-lateral meeting.

Foreign exchange (FOREX) reserves by country:

China: $3.38 trillion

Japan: $1.28 trillion

South Korea: $414 billion

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

You meant that countries should stop inflating their trade surplus by holding dollars? I agree.

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Cooperate with Big China, the next first economic power of the world, you will be invincible..

The future is RED..

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No, because nobody wants the renminbi and only China hates the US.

BRICS started to dedollarize its countries and trade with its own currencies included good old renminbi..

Your comment sounds more like a childish whining.. Lol..

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Japan has much higher FOREX per capita.

If you are an American countries like China and Japan purchase treasury certificates which allows the US to continue spending even though it is running up huge budget deficits.

https://usafacts.org/articles/which-countries-own-the-most-us-debt/#:~:text=Which%20countries%20hold%20the%20most,%24101%20billion%20to%20%24855%20billion.

-1 ( +0 / -1 )

If you are an American countries like China and Japan purchase treasury certificates which allows the US to continue spending even though it is running up huge budget deficits.

There are plenty of countries in the world holding US treasuries. If China and Japan reduced their holdings gradually and by consequence evened the trade deficit, it would be a positive for the US.

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BRICS started to dedollarize its countries and trade with its own currencies included good old renminbi..

The most recent data from 2022 is that the US dollar continues to have 60% of foreign exchange reserves, much as it did for the past decade. Manipulated renminbi has much much less:

https://en.wikipedia.org/wiki/Reserve_currency

Your comment sounds more like a childish whining.. Lol..

Your comment sounds like childish fantasy.. Lol..

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