The central banks of China, Korea and Japan have agreed to meet on a regular basis in Tripartite Governors’ Meetings.
The People’s Bank of China, the Bank of Japan and the Bank of Korea will discuss economic matters that concern the region, financial developments and common ground regarding central banking.
Informal dialogue has taken place between the three central banks for some years, and this latest move is intended to provide a stronger opportunity for debate and co-operation.
It is hoped that through the regular meetings the Chinese, Korean and Japanese central banks will enhance regional stability in terms of both the monetary and financial spheres.
The meetings are initially planned to take place on an annual basis.
The People’s Bank of China will host the first meeting next year.