{"id":304806,"date":"2018-10-29T15:07:27","date_gmt":"2018-10-29T15:07:27","guid":{"rendered":"http:\/\/tehelka.com\/?p=304806"},"modified":"2018-10-29T15:07:28","modified_gmt":"2018-10-29T15:07:28","slug":"india-japan-sign-75-billion-bilateral-currency-swap-agreement","status":"publish","type":"post","link":"https:\/\/tehelka.com\/india-japan-sign-75-billion-bilateral-currency-swap-agreement\/","title":{"rendered":"India, Japan sign $75 billion bilateral currency swap agreement"},"content":{"rendered":"<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><a href=\"http:\/\/tehelka.com\/india-japan-sign-75-billion-bilateral-currency-swap-agreement\/india-japan\/\" rel=\"attachment wp-att-304807\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-304807 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2018\/10\/india-japan-300x262.jpg\" alt=\"\" width=\"507\" height=\"443\" srcset=\"https:\/\/tehelka.com\/media\/2018\/10\/india-japan-300x262.jpg 300w, https:\/\/tehelka.com\/media\/2018\/10\/india-japan-768x670.jpg 768w, https:\/\/tehelka.com\/media\/2018\/10\/india-japan-696x607.jpg 696w, https:\/\/tehelka.com\/media\/2018\/10\/india-japan-481x420.jpg 481w, https:\/\/tehelka.com\/media\/2018\/10\/india-japan.jpg 871w\" sizes=\"(max-width: 507px) 100vw, 507px\" \/><\/a>India and Japan on October 29 signed a $75 billion bilateral currency swap agreement, a move that is expected to stabilize foreign exchange and capital markets in the country.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">&#8220;With a view to enhancing financial and economic cooperation, governments of Japan and India welcomed the agreement to conclude a Bilateral Swap Arrangement (BSA) of USD 75 billion,&#8221; said India-Japan Vision Statement issued after the summit-level meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The Finance Ministry in a statement said, &#8220;Aid in bringing greater stability to foreign exchange and capital markets in India&#8230;This facility will enable the agreed amount of foreign capital being available to India for use as and when a need arises&#8221;.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The currency swap agreement will further strengthen and widen the depth and diversity of economic cooperation between the two nations.<\/span><\/p>\n<p style=\"font-weight: 400; text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">PM Modi, who is in Japan for the 13th India-Japan annual summit, met his counterpart Abe and discussed a wide range of bilateral, regional and global issues, including the situation in the Indo-Pacific region.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India and Japan on October 29 signed a $75 billion bilateral currency swap agreement, a move that is expected to stabilize foreign exchange and capital markets in the country. &#8220;With a view to enhancing financial and economic cooperation, governments of Japan and India welcomed the agreement to conclude a Bilateral Swap Arrangement (BSA) of USD [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":304807,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[9073,574,2507,316,5162],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/304806"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=304806"}],"version-history":[{"count":2,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/304806\/revisions"}],"predecessor-version":[{"id":304809,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/304806\/revisions\/304809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/304807"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=304806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=304806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=304806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}