Finance ministers from Japan, China and South Korea agreed on Sunday at their meeting in Madrid to create a new framework by the end of the year to promote financial stability in Asia, recognizing the current financial market turbulence as a major risk to the regional economy.
''The current international financial market turbulence is one of the main risks to the economies,'' the finance chiefs said in a joint message issued after the trilateral talks. ''We are mindful of the necessity to enhance communication among authorities responsible for macroeconomic and financial stability.''
Joint statement
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article