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Renewal of Bilateral Swap Arrangement between Japan and Malaysia

Japanese

Joint Press Statement


September 19, 2023

Renewal of Bilateral Swap Arrangement between Japan and Malaysia

Japan and Malaysia renewed the Bilateral Swap Arrangement1 (BSA) effective on 18 September 2023.

The Bank of Japan (BOJ), acting as agent for the Minister of Finance of Japan, and Bank Negara Malaysia (BNM) renewed the BSA of up to USD3 billion. The signed Amendment and Restatement Agreement follows the BSA signed in 2020.

The renewed BSA incorporates the recent amendments to the Chiang Mai Initiative Multilateralisation (CMIM) Agreement.

Japan and Malaysia agree that the BSA will further deepen financial cooperation between the two countries and enhance regional financial stability.

1 The BSA is a bilateral agreement that allows both parties to exchange their local currencies for U.S. dollars, with Malaysia also having the option to exchange Malaysian ringgit for Japanese yen.

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