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Bilateral Swap Arrangement between Japan and Malaysia

Joint Press Statement

May 5, 2017

Bilateral Swap Arrangement between Japan and Malaysia

1.  The Bank of Japan, acting as the agent for the Minister of Finance of Japan, and Bank Negara Malaysia welcomed the agreement-in-principle to conclude a Bilateral Swap Arrangement (BSA) of up to USD 3 billion.

 The authorities are currently undertaking the necessary actions to complete their respective domestic approval process. This arrangement features a two-way swap, in which both Japan and Malaysia will, upon request, provide US dollars to each other through currency swaps.

 The authorities in Japan and Malaysia look forward to strengthening bilateral co-operation through this arrangement that will contribute to the stability of financial markets. It will further deepen the economic and trade ties between the two countries.