Finance Ministers and Central Bank Governors from Japan, China, South Korea and the Association of Southeast Asian Nations have agreed on the need to address downside risks to global economic development. In a joint statement issued at a meeting in Frankfurt, Germany on Tuesday, they said the countries are expected to maintain relatively high level of economic growth and be a driving force in the global economy. The statement says the officials have agreed to strengthen a program to help Asian countries, whose currencies suddenly weaken due to capital outflows.
News On AIR | May 4, 2016 11:32 AM
South Korea, Japan, China agree to put joint efforts to ensure financial stability