Japan, China, S. Korea banks to boost ties with ASEAN amid pandemic

Government-sponsored development banks of Japan, China and South Korea have agreed with major financial institutions in the Association of Southeast Asian Nations to boost interbank cooperation to bolster the coronavirus-hit Southeast Asian economy.The Japan Bank for International Cooperation, the China Development Bank and the Korea Development Bank aim to build close cooperative ties with their ASEAN peers to stabilize the financial system and improve liquidity in global markets, according to JBIC.As a number of Japanese companies have made inroads into the fast-growing market, JBIC seeks to…

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