Japan boosts currency swap deals with some ASEAN nations-finmin

TOKYO Thu Dec 12, 2013 8:35pm EST

Related Topics

TOKYO Dec 13 (Reuters) - Finance Minister Taro Aso said on Friday that Japan agreed to boost bilateral currency swaps with some Southeast Asian nations ahead of its weekend summit meeting with leaders from the Association of Southeast Asian Nations in Tokyo.

Japan has doubled currency swap arrangements with Indonesia and the Philippines to $22.76 billion and $12 billion, respectively, while re-entering a swap deal with Singapore at US$3 billion, Aso told reporters.

The minister said he hoped these deals would help stabilise regional financial markets and facilitate trade and investment in the region.

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article