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Press Release

June 6, 2015

Ministry of Finance

Joint Press Release of the Fifth China-Japan Finance Dialogue (Beijing, China)

  1. The Fifth China-Japan Finance Dialogue was held on June 6, 2015 in Beijing, China, under the co-chairmanship of Mr. Lou Jiwei, Minister of Finance of China, and Mr. Taro Aso, Deputy Prime Minister and Minister of Finance of Japan, with the attendance of senior officials from both Ministries of Finance.

  2. The Ministers shared the common view that the Dialogue is of important significance for both sides, which contributes to deepening exchange of macroeconomic situation and policy measures of the two countries, strengthening financial cooperation, and hence helping further advance China-Japan strategic and mutually beneficial relationship in the economic and financial fields.

  3. Both sides agreed that the global economy in general is still in profound structural adjustment, and expressed concerns about the risks posed by volatile commodity prices and economic policy spillover of major developed economies which may affect the global economic recovery. Both sides recognized the necessity of economic restructuring proactively, and are committed to deepening communication and coordination of macroeconomic policies, strengthening communication and cooperation in dealing with external risks and uncertainties, and maintaining consultation on major international economic and financial issues.

  4. Both sides emphasized the need to further deepen bilateral pragmatic cooperation in finance, enhance policy communication in budget, taxation, social security reform, public debt management and tariff, scale up financial cooperation and support collaboration in the economic, trade and investment fields.

  5. Both sides agreed to strengthen cooperation in the G20 to actively implement previous summits’ consensus, and push for new achievements in the Antalya Summit in 2015, thus consolidating the role of the G20 as the premier platform for global economic cooperation and ensuring the healthy development of this mechanism. As two major countries in Asia, both sides pledged to further advancing financial cooperation in East Asia and discussed the direction for the future development of ASEAN+3 financial cooperation. Both sides will promote infrastructure development in Asia, including through coordination with development financial institutions, on the basis of common interests.

  6. Both sides also agreed to further strengthen communication and coordination at multiple levels and in various sectors of the two ministries to enhance mutual understanding and learning from each other.

  7. The two Ministers agreed to hold the Sixth China-Japan Finance Dialogue in Tokyo, Japan next year.