India, Japan escalate financial dialogue |
Masato Kanda, Japanese Vice Minister of Finance for International Affairs, and Mr. Ajay Seth, Secretary of Department of Economic Affairs at the Ministry of Finance, held the first India-Japan Finance Dialogue in New Delhi on June 16. In view of the growing importance of India-Japan relations in recent years, the dialogue on India-Japan financial cooperation, which had been held at the level of Deputy Director-Generals, was upgraded to the level of Vice Minister and Secretary. The participants exchanged their views on the macroeconomic situation, financial system, financial digitalization, and investment environment in both countries. They confirmed that both sides will continue to work closely together as they hold presidencies of G20 and G7 next year. The participants including private financial institutions also discussed various financial regulation issues towards further expansion of investment in India.
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