SEOUL, KOREA – At the trilateral meeting among finance ministers and central bank governors from Korea, China and Japan held on May 3, 2012 in Manila, Philippines, the three parties agreed to expand investment in one other’s sovereign bonds and shared views on the need for a framework for trilateral sovereign bond investment. Regarding the framework, there will be trilateral working level cooperation to discuss the methods and procedures of the bond investment.
The new framework is expected to contribute to increasing stability in capital movement among the three countries, as it will provide a more orderly way to invest in the bonds.
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