FX.co ★ China, Japan, South Korea Discuss Tariff Impact at ASEAN+3 Meeting

Finance and central bank representatives from China, Japan, and South Korea convened in Malaysia on April 8-9 to deliberate on the repercussions of U.S. tariffs on the global and regional economies. This meeting took place during the routine ASEAN+3 Finance and Central Bank Deputies' Meeting, with Deputy Governor Xuan Changneng of the People's Bank of China (PBoC) in attendance. During the discussions, the three nations exchanged perspectives on broader economic trends and explored strategies for enhancing regional financial cooperation. The PBoC reiterated its dedication to sustaining a "moderately loose" monetary policy aimed at supporting financial market stability and promoting economic recovery.