Meeting Overview and Participants
Officials from China, Japan, and South Korea’s finance ministries and central banks gathered on April 8-9 in Malaysia to discuss the effects of U.S. tariffs on the global and regional macroeconomic situation. The People’s Bank of China (PBoC) Deputy Governor, Xuan Changneng, attended the regular ASEAN and China, Japan, and South Korea finance and central bank deputies meeting.
Focus on Economic Cooperation and Regional Challenges
During the meeting, the three nations also exchanged views on the broader economic situation, exploring areas for regional financial cooperation. The discussions come amid rising concerns over the impact of U.S. trade policies on the global economy and regional trade dynamics.
China’s Monetary Policy Response
As part of the discussions, China’s central bank outlined plans to implement a moderately loose monetary policy aimed at supporting financial market stability. The goal is to ensure that the ongoing recovery of the Chinese economy continues smoothly despite external economic challenges, including the ongoing trade tensions with the U.S.
