ASEAN, Japan propose reform initiative<\/p>\n
NEW YORK (Dow Jones): Foreign ministers of the Association of
\nSoutheast Asian Nations (ASEAN) proposed Friday that ASEAN and
\nJapan jointly formulate a program to improve the international
\nfinancial system, Japanese officials told the Kyodo news service.<\/p>\n
The ministers from the ASEAN nations excluding Indonesia and
\nBrunei made the proposal during a breakfast meeting with Japanese
\nForeign Minister Masahiko Komura in New York, the officials said.<\/p>\n
The ASEAN ministers underscored a need for Japan and the ASEAN
\ncountries to forge a common policy on the world's financial
\nsystem ahead of a series of international financial conferences
\nstarting next week in Washington, the officials were quoted as
\nsaying.<\/p>\n
The International Monetary Fund and the World Bank will hold a
\nseries of conferences in early October.<\/p>\n
The ASEAN ministers asked Japan to continue providing
\nfinancial assistance to struggling Asian economies, the officials
\nadded.<\/p>\n
The ministers also said Japan should make further efforts to
\nshore up its faltering economy, adding Japan has an important
\nrole for the recovery of ailing Asian countries.<\/p>\n
Komura explained to them a set of stimulus measures the
\nJapanese government has taken, including tax cuts.
\nKomura met with the ASEAN ministers on the sidelines of the U.N.
\nGeneral Assembly.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/asean-japan-propose-reform-initiative-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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