ASEAN+3 finance chiefs discuss economic cooperation in Japan

Finance chiefs from the Association of Southeast Asian Nations (ASEAN) as well as Japan, China and South Korea discussed global and regional economy and financial cooperation on Friday at the 20th ASEAN+3 Finance Ministers' and Central Bank Governors' Meeting.

The ASEAN+3 finance leaders agreed that the regional economy, while growing relatively fast, still faces downside risks caused by factors, such as protectionism and financial condition tightening. They agreed to promote sustainable, balanced and inclusive economic growth by deploying all necessary policy tools independently or jointly, including monetary, fiscal policies as well as structural reform.

They reaffirmed support for open and rules-based multilateral trade and investment systems, and agreed to enhance monitoring of capital flows and pay close attention to and address possible risks in the region.

Source: VOV5