Currency Negotiations: Yoo and Reporters Sunday

currency negotiations: As a result of the National Assembly vote to impeach President Park Geun-hye and its immediate suspension of her from office on Friday, Japan and South Korea will hold neither a trilateral summit together with China, nor the currency negotiations, by year-end, according to The Japan Times. Despite the extraordinary political event, however, the South Korean government will hold to its fundamental policy line, Yoo stressed. Yoo, also strategy and finance minister, told reporters Sunday that although Tokyo and Seoul are making efforts, there would be some delay in the talks. The impeachment has had little bearing on financial markets, with market indicators such as the won-dollar exchange rate remaining stable, he said. But in August this year, Yoo and Finance Minister Taro Aso agreed to launch talks on a new agreement to allow Tokyo and Seoul to mutually supply foreign currencies in the event of a financial crisis or other emergency. The previous currency swap pact expired last year as ties between the two neighbors soured over territorial and historical issues. (news.financializer.com). As reported in the news.