China, Japan to forge closer ties at 'historic turning point'

China, Japan to forge closer ties at 'historic turning point'

China, Japan to forge closer ties at 'historic turning point'

Japanese Prime Minister Shinzo Abe and Chinese Premier Li Keqiang also agreed the two countries would work together to achieve denuclearisation on the Korean Peninsula.

The arrangement, which takes effect on Friday and lasts until October 25, 2021, will allow the exchange of local currencies between the two central banks for up to 200 billion yuan or 3.4 trillion yen ($30 billion), the Bank of Japan said.

"We will certainly raise our concerns over terrorism and other global trans-border crimes", Gokhale said.

"These interactions will help to further strengthen our trade and investment ties, and cooperation in new areas such as healthcare, digital technologies, agriculture and food processing, disaster risk reduction and disaster resilient infrastructure". Just $5 a month. "Xi Jinping wants to say to Abe that they are in this together".

Xi reiterated the importance of keeping promises, noting that China and Japan should "act on the basis of their four political documents and consensus, deal with problems and differences constructively, so as to maintain the political foundation guiding healthy development of bilateral ties". As China's economy surged past Japan's to become the world's second largest, such assistance appeared increasingly anachronistic, although Japan had continued to provide funds for problems such as health and air pollution that affect the region as a whole.

Gokhale said one of the areas forming a part of this discussion will be how India and Japan can collaborate in the context of the Indo-Pacific in Asia and in Africa and on capacity building and on infrastructure projects in a trilateral format - India, Japan plus one.

Even though Abe spent just three days in China, observers said the trip was an important step in the two countries' rapprochement, and was partly triggered by the uncertainty that has grown up around the United States' policies in Asia since Donald Trump took over as USA president. Li also indicated that Beijing wanted to lift the relationship to "a new phase". Trump also said his country will reduce the trade deficit with Japan.

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Diplomatically, Abe was left out in the cold during high-profile negotiations with North Korea during this year's talks between Pyongyang, Washington and Seoul, a snub which was felt deeply in Tokyo. "Whenever they feel the need to take it out, I'm sure they will do that".

Abe also met on Friday with Xi, who argued stable development of the relationship between Tokyo and Beijing was an important goal, especially at a time when instability and uncertainty was growing around the world.

Abe's close relation with Beijing is happening at a time when U.S. Donald Trump launched an ongoing trade war with China, Glosserman highlighted.

Following his arrival in Beijing, Abe is slated to attend a reception to celebrate the 40th anniversary of a peace and friendship treaty between the two countries.

Abe's three-day trip, which began Thursday, sets up the possibility that Xi will visit Japan next year.

"Japan and China share a big responsibility for regional and world prosperity". It is unclear what response Abe received. Abe secured a commitment by China to review its ban on imports of Japanese food products, which had been driven by concerns about the 2011 Fukushima nuclear disaster.

"My visit (to Japan) will promote our traditional friendship that is deeply rooted in history, and consolidate our partnership for a better and more prosperous future", Mr Modi wrote on Facebook.

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