East Asian Central Banks To Meet Annually

Source: Xinhua  |   2008-12-11  |     NEWSPAPER EDITION

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THE central banks of China, Japan and South Korea have agreed to meet annually to discuss financial issues to promote financial stability in the region, the People's Bank of China said on its Website yesterday.

The meeting aimed to enhance the dialogue mechanism that extended for years among the three sides, according to a joint statement by the three central banks.

Central bank governors would exchange opinions on the regional financial situation and issues of common concern at the meeting, according to the statement.

"The enhanced communication would help promote currency and financial stability in the region," said the statement.

The Chinese central bank will host the first meeting next year.


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