Aso Lou Jiwei and Japan

Taro Aso: Aso and Lou Jiwei, his Chinese counterpart, along with senior officials from Asia two biggest economies, also discussed issues ranging from the health of the global economy to their tax and fiscal systems, according to The Japan Times. Japan and China resumed the so-called finance dialogue, last held in April 2012, at a time when bilateral ties are moving toward improvement after being hobbled by disputes over territory and wartime issues. It is clear that there is massive demand for infrastructure projects in Asia, Finance Minister Taro Aso told reporters after the meeting in Beijing, which took place amid a broader thaw in bilateral relations. Lou read out a joint news release saying they agreed that the dialogue is of important significance for both sides, which contributes to deepening exchange of macroeconomic situation and policy measures of the two countries, strengthening financial cooperation, and helping further advance China-Japan strategic and mutually beneficial relationship. Japan and China will promote infrastructure development in Asia, including through coordination with development financial institutions, on the basis of common interests, it said. The two ministers said in the release that the global economy in general is still in profound structural adjustment, voicing concerns about the risks posed by volatile commodity prices and economic policy spillover of major developed economies. (news.financializer.com). As reported in the news.