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© Thomson Reuters 2023Japan, S Korea hold first finance leaders' meeting in 7 years
By Leika Kihara and Jihoon Lee INCHEON, South Korea©2025 GPlusMedia Inc.
15 Comments
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quercetum
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?
Clay
Inflation's JOB #1 - TRUE Cancer making it impossible to have strong economic growth.
kennyG
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...
diego
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!
proxy
The ever increasing friendship is positive news for the citizens of both countries. Let's build the Fukuoka-Busan tunnel!
TaiwanIsNotChina
No, because nobody wants the renminbi and only China hates the US.
deanzaZZR
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
TaiwanIsNotChina
You meant that countries should stop inflating their trade surplus by holding dollars? I agree.
TokyoLiving
Cooperate with Big China, the next first economic power of the world, you will be invincible..
The future is RED..
TokyoLiving
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..
deanzaZZR
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.
TaiwanIsNotChina
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.
TaiwanIsNotChina
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 like childish fantasy.. Lol..