Daily News

3. Finance ministers of Japan, China, S.Korea meet

The finance ministers of Japan, China and South Korea have met ahead of this weekend's G20 conference in Cairns, Australia. It is the first time these participants have met in more than 2 years.

Talks scheduled last year were cancelled amid strained ties. A meeting scheduled for May of this year was also shelved due to the South Korean ferry tragedy.

The 3 ministers discussed Japan's efforts to pull itself out of deflation, the economic situation in Asia and other issues. They agreed to step up measures against the economic downturn by continuing dialogue.

After the meeting, Japanese Finance Minister Taro Aso said he is happy to be able to hold talks with South Korea and China.

Aso said discussions among the 3 neighboring countries are continuing through various channels, and this is a sign of improving trilateral relations.