CCTV.com - CNTV English - CCTV News

China-Japan financial cooperation moving steadily forward: ministers

04-07-2012 21:24 BJT

TOKYO, April 7 (Xinhua) -- The finance ministers of China and Japan agreed on Saturday that the Japan-China financial cooperation has been steadily moved forward.

Chinese Finance Minister Xie Xuren (L) shakes hands with his Japanese
counterpart Jun Azumi during the 4th dialog between the finance ministers
of the two countries in Tokyo April 7, 2012. (Xinhua/Feng Wuyong)

Xie Xuren, Minister of Finance of China, and his Japanese counterpart Jun Azumi pledged to deepen financial cooperation by working with other relevant institutions at the fourth Japan-China finance dialogue in Tokyo.

In March, Japanese government announced that it got the permission from China to purchase 65 billion yuan (about 10.3 billion U.S. dollars) worth of Chinese government bond.

The move marked the first time the Japanese government revealed the specific figure of its permitted allotment of Chinese government bond.

Chinese Finance Minister Xie Xuren (L) shakes hands with his Japanese counterpart Jun Azumi during the 4th dialog between the finance ministers of the two countries in Tokyo April 7, 2012. (Xinhua/Feng Wuyong)

During Japanese Prime Minister Yoshihiko Noda's visit to China last December, the two sides had reached consensus on Japan's purchase of Chinese government bond.

During that visit, Chinese Premier Wen Jiabao told Noda that China was willing to work with Japan in promoting the direct use of their respective currencies in bilateral trade. Shortly after the Wen-Noda talks, China's central bank announced to encourage the direct use of Chinese currency RMB, or the yuan, and Japanese yen in cross-border transactions between China and Japan.

At Saturday's meeting, the two ministers also exchanged views on the global financial situation. They agreed that the global economy continues gradual growth, but is still confronted with a lot of uncertainties, with the European sovereign debt crisis alleviated to some extent.

The two sides also discussed tax reform and restructuring of social security system. They both underscored the necessity of securing stable revenue sources and sound fiscal conditions.

Chinese Finance Minister Xie Xuren (4th L) shakes hands with his Japanese counterpart Jun Azumi (3rd R) during the 4th dialog between the finance ministers of the two countries in Tokyo April 7, 2012. (Xinhua/Feng Wuyong)

Editor:Zheng Limin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program