China, Japan and South Korea vow ‘targeted’ support for recovery

TOKYO: Finance ministers and central bank governors from China, Japan and South Korea have vowed “targeted” measures for those countries most affected by the Covid-19 pandemic, and committed to foster fiscal and financial stability.

In a joint statement issued after a virtual meeting held on the sidelines of the Asian Development Bank’s (ADB) annual meetings, the ministers pledged to achieve inclusive recovery, preserve long-term fiscal sustainability and maintain financial stability.