Japan says no decision on buying South Korean debt, disputed island row continues

The Japanese government has not reached a decision yet on whether it will buy South Korean government debt, Finance Minister Jun Azumi said on Friday, as a diplomatic row escalates between the two countries over a territorial dispute.

Azumi reiterated that the government might not extend a currency swap arrangement with South Korea after it expires in October.

Purchases of South Korean government debt and the currency swap were part of efforts to strengthen economic ties, but further cooperation has been thrown into doubt due to diplomatic tensions that have been growing in Northeast Asia.

“I want a little time to see how things develop,” Azumi told a media conference.

Read the rest of the story: UPDATE 1-Japan says no decision on buying Korean debt, island row festers.

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