Updated: 04/19/2013 22:35

Singapore and Japan to further strengthen bilateral financial relations



Singapore and Japan to further strengthen bilateral financial relations

Singapore and Japan could do more to further strengthen bilateral financial relations. 

Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Japan Deputy Prime Minister and Minister of Finance Taro Aso who met in Washington DC yesterday reaffirmed the good bilateral relations and existing financial cooperation between Japan and Singapore. 

Both Ministers agreed to continue the series of regular Singapore-Japan Finance Dialogues and to widen the discussion on financial issues between the two finance ministries. 

Mr Tharman and Mr Aso agreed to explore and deepen cooperation in various financial initiatives including the Bilateral Swap Agreement and the development of regional and local bond markets. 

This would be in close cooperation with the Bank of Japan and the Monetary Authority of Singapore. 

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