Monday, May 04, 2009

China, Japan, S. Korea reach agreement on distribution ratio of regional reserve

CHINA, Japan, and South Korea have reached an agreement on the distribution ratio of a 120-billion-US dollar regional reserve pool plan here on Sunday.

China, Japan, and South Korea will contribute to the pool on a 2:2:1 ratio, namely US$38.4 billion respectively from China and Japan and US$19.2 billion from South Korea.

The committed contribution from the three countries made up 80 percent of the US$120-billion pool.

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