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Wang Qishan Meets with Japanese Finance Minister Jun Azumi

On February 19, 2012, Chinese Vice Premier Wang Qishan met with visiting Japanese Finance Minister Jun Azumi in Zhongnanhai.

Wang first extended welcome to Jun Azumi for his visit. He said this year marks the 40th anniversary of the normalization of diplomatic relations between China and Japan. Over the past four decades, China-Japan relations have become increasingly mature with fruitful cooperation in all areas. Wang said the fourth China-Japan high-level economic dialogue will be held later this year in Japan. "I hope the two sides will give full play to the dialogue mechanism, as a useful platform, to deepen cooperation in trade, investment and finance and to advance the China-Japan strategic and mutually beneficial relations continuously," Wang said.

"Financial cooperation is a major part of the economic cooperation between China and Japan," said Wang. He said he hoped the two economies would step up communication and coordination to deepen financial cooperation, and carry out research actively in settlement of trade and investment in local currencies to develop their financial markets in a healthy and stable way.

"As the current world economic situation remains very complex and grim, it's a priority task for all the countries to secure the recovery of the global economy," said the vice premier. As leading economies and important G20 members, China and Japan should make joint efforts with the other members to ensure the success of the Los Cabos summit and spur reform of the international economic and financial system with a view to pushing ahead with the world's economic recovery and growth, he said.

Azumi told Wang that since the normalization of diplomatic relations between China and Japan 40 years ago, the economic ties between both countries have been increasingly close and it is time to deepen their multiple-level cooperation. Japan is working hard to tackle deflation and fiscal deficit in the country. Japan is ready to continue constructive exchanges with China on bilateral, regional and global financial issues to further their trade and financial cooperation, and to deepen their strategic and mutually beneficial relations, he said.

Wang and Azumi also exchanged views on international issues of common concern, especially the economic situation in Europe.

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