Japan and South Korea reinforce yen-won swap agreement


Japanese and South Korean officials have agreed to boost the size of their swap facilities in a bid to relieve bank funding pressures in the region.

The Bank of Japan on Wednesday said it reached an agreement with the Bank of Korea to raise the maximum level of its bilateral yen-won swap arrangement from $3 billion to $30 billion. The BoJ said the increase would be effective until the end of October 2012.

South Korea has also expanded a swap agreement with the Japanese finance ministry believed

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: