Japan hopes friction won't stop financial ties
Source: Agencies |
October 4, 2012, Thursday
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Print Edition
Print Edition
JAPAN hopes the recent flare-up in friction with China will not damage the two Asian economic powers' cooperation in international finance, an official said yesterday.
The relationship with China is too important to be derailed by recent antagonisms over the Diaoyu Islands in the East China Sea, said Takehiko Nakao, a vice minister for finance.
A Wall Street Journal report said representatives of several major Chinese state-run banks were canceling plans to attend the annual meetings of the International Monetary Fund and World Bank in Tokyo next week.
"It's really disappointing. I was really sorry to hear that," said Nakao. But he said Japan has had no news of any cancellations by Chinese government officials.
Nakao said he hoped problems would not hurt the financial relationship "There has been trust and good cooperative relations and my strong belief is that we should continue to do this," he said.
The relationship with China is too important to be derailed by recent antagonisms over the Diaoyu Islands in the East China Sea, said Takehiko Nakao, a vice minister for finance.
A Wall Street Journal report said representatives of several major Chinese state-run banks were canceling plans to attend the annual meetings of the International Monetary Fund and World Bank in Tokyo next week.
"It's really disappointing. I was really sorry to hear that," said Nakao. But he said Japan has had no news of any cancellations by Chinese government officials.
Nakao said he hoped problems would not hurt the financial relationship "There has been trust and good cooperative relations and my strong belief is that we should continue to do this," he said.
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