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Japan, South Korea Currency Swap Deal at Top-End of Expectations

SOUTH KOREA
  • The South Korean and Japanese finance ministers sign a $10bln currency swap deal at their meeting held today.
  • Japan/South Korea currency swap deal very much expected - announcement made yesterday that a signed agreement was forthcoming.
  • $10bln is at the top-end of expectations, however: the sizes discussed were between $2bln - $10bln according to earlier reports this week.

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