Joint Press Statement | ||
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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. | |
2. | 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. | |
3. | 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. | |