Japan, South Korea agree to boost economic relations

Finance Ministers of Japan and South Korea agreed here Saturday to improve bilateral economic and financial ties, while also agreeing on the importance to address infrastructure in Asia.

Japanese Finance Minister Taro Aso said that he and his South Korean counterpart Choi Kyung-hwan exchanged views on various topics, while Choi said the meeting had meaningful discussions, according to local media.

"We agreed that the finance dialogue is very important to share our experiences and utilize them in future policies," Japan's Kyodo News quoted Aso as reporting, adding that "we also agreed to continue expanding cooperation at various levels and areas between the two ministries."

The meeting was the first in more than two years between the two countries due to frayed bilateral diplomatic ties.