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ChinaPolitics

China, Japan and South Korea discussions over three-way Peru meeting may boost summit hopes

China's Finance Minister Lou Jiwei and Japanese counterpart Taro Aso resumed Sino-Japanese dialogue in June after three-year delay, and are to meet on sidelines at this week's G20 meeting

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China's Lou Jiwei (left) and Japan's Finance Minister Taro Aso discussed cooperation on economic, financial and international affairs at the Fifth China-Japan Finance Dialogue in June. Photo: SCMP Pictures
Reuters

Japan, China and South Korea are discussing a possible trilateral meeting of their finance ministers in Peru this week, said Finance Minister Taro Aso – a move that could pave the way for a summit between the countries to soothe strained relations.

Aso also said he would hold talks with his Chinese counterpart, Lou Jiwei, on the sidelines of a meeting of Group of 20 finance leaders to be held in Lima this week.

“[The two countries] will discuss macro-finance, the economy and financial cooperation,” he told a news conference on Tuesday.

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Japan's Finance Minister Taro Aso (above) will meet Chinese counterpart Lou Jiwei on the sidelines of a meeting of Group of 20 finance leaders in Lima this week. Photo: Reuters
Japan's Finance Minister Taro Aso (above) will meet Chinese counterpart Lou Jiwei on the sidelines of a meeting of Group of 20 finance leaders in Lima this week. Photo: Reuters
On Friday Aso called for China to make its economic management more transparent in order to help the yuan become a global currency.

The two men met had met in Beijing in June at the  in the Fifth China-Japan Finance Dialogue - a move that reopened talks for economic cooperation after more than a three-year delay due to tensions between the two countries.

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Aso also said he would tell his G20 counterparts that Japan’s economy continued to recover moderately, despite growing signs it might have slipped into recession again.

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