Finance ministers and central bank governors from Japan, China and South Korea have met at the sidelines of the IMF/World Bank's Annual Meetings in Lima for talks which could pave the way for a summit among the countries to soothe strained relations.
Finance leaders of the three countries warned that global economic growth fell short of expectations in light of recent market volatility, and agreed to assess spillovers and risks to the Asian economy. They say the three countries are committed to implementing timely and effective macroeconomic policies to help keep the domestic and regional economic growth on track.
This is the first trilateral finance leaders' meeting since May and could lay the grounds for a possible trilateral summit later this year. Japanese media have reported that China, Japan and South Korea are considering holding their first summit in three years, sometime around November.
