TOKYO: Finance ministers and central bank governors from China, Japan and South Korea on Monday vowed"targeted" measures for those countries most affected by the COVID-19 pandemic, and committed to foster fiscal and financial stability.
"The regional outlook has improved, with continued policy support and growing vaccine coverage," the financial leaders from the three countries said in a statement. The three Asian economic powerhouses also said they will explore new initiatives to strengthen the ASEAN Plus Three regional financial safety net at the virtual meeting on Monday with the 10-member Association of Southeast Asian Nations .At their last virtual meeting in September, the financial chiefs from Japan, South Korea, China and ASEAN – a group known as ASEAN Plus Three – promised to boost the Chiang Mai Initiative Multilateralisation .
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