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Incheon: Japan and South Korea held their first bilateral finance leaders’ meeting. interview In seven years on Tuesday, the two countries’ signature relations are beginning to thaw as they face shared challenges from geopolitical tensions and slowing economic growth.
The two countries Japanese Finance Minister Shunichi Suzuki agreed to reporters after the meeting to resume regular dialogue on finance “at an appropriate time.”
Suzuki said the dialogue will likely be held on an annual basis.
The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida’s planned visit to South Korea next week for talks with President Yoon Sok Yul.
“Japan and South Korea are important neighbors that should cooperate to meet various challenges surrounding the global economy, as well as the regional and international community,” Suzuki said at the meeting with his South Korean counterpart Cho Kyung-ho.
“In terms of geopolitical challenges, we are facing incidents such as North Korea’s nuclear missile development and Russia’s invasion of Ukraine. Japan considers that unacceptable, and it is something that the two countries should address together,” he said.
Zhou said the two countries can strengthen private and government partnerships in high-tech industries such as semiconductors and batteries.
At the meeting held on the sidelines of this week’s Asian Development Bank (ADB) meeting, Chu also urged Japan to quickly put South Korea back on the “white list” of countries with fast-track trade status.
South Korea’s Finance Ministry said Cho is expected to visit Japan this year for another meeting with Suzuki.
Regular annual dialogue between financing the two countries Ministers It has been suspended since 2016 due to controversies over the history of the war.
But relations between the US allies have warmed in recent months in the face of North Korea’s frequent missile launches and China’s more powerful role on the world stage.
At a historic summit in Tokyo last month, Kishida and Yoon agreed to set aside their difficult shared history and pledged to work together to address regional security challenges.
Suzuki said he hopes Japan and South Korea can continue bilateral financial dialogue and that this will contribute to the improvement of relations between the two countries.
The two countries Japanese Finance Minister Shunichi Suzuki agreed to reporters after the meeting to resume regular dialogue on finance “at an appropriate time.”
Suzuki said the dialogue will likely be held on an annual basis.
The resumption of bilateral financial discussions comes ahead of Japanese Prime Minister Fumio Kishida’s planned visit to South Korea next week for talks with President Yoon Sok Yul.
“Japan and South Korea are important neighbors that should cooperate to meet various challenges surrounding the global economy, as well as the regional and international community,” Suzuki said at the meeting with his South Korean counterpart Cho Kyung-ho.
“In terms of geopolitical challenges, we are facing incidents such as North Korea’s nuclear missile development and Russia’s invasion of Ukraine. Japan considers that unacceptable, and it is something that the two countries should address together,” he said.
Zhou said the two countries can strengthen private and government partnerships in high-tech industries such as semiconductors and batteries.
At the meeting held on the sidelines of this week’s Asian Development Bank (ADB) meeting, Chu also urged Japan to quickly put South Korea back on the “white list” of countries with fast-track trade status.
South Korea’s Finance Ministry said Cho is expected to visit Japan this year for another meeting with Suzuki.
Regular annual dialogue between financing the two countries Ministers It has been suspended since 2016 due to controversies over the history of the war.
But relations between the US allies have warmed in recent months in the face of North Korea’s frequent missile launches and China’s more powerful role on the world stage.
At a historic summit in Tokyo last month, Kishida and Yoon agreed to set aside their difficult shared history and pledged to work together to address regional security challenges.
Suzuki said he hopes Japan and South Korea can continue bilateral financial dialogue and that this will contribute to the improvement of relations between the two countries.
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