India-Japan Finance Dialogue Strengthens Bilateral Ties in Tokyo

Japan and India held their 2nd Finance Dialogue in Tokyo, agreeing to continue discussions aimed at promoting financial cooperation and strengthening bilateral relations. Key topics included macroeconomic views, regulatory issues, and financial digitalisation.

In a significant move towards strengthening bilateral relations, Atsushi Mimura, Japan's Vice Minister of Finance for International Affairs, and Ajay Seth, India's Secretary in the Department of Economic Affairs, convened in Tokyo for the second India-Japan Finance Dialogue on September 6.

The Japanese delegation featured representatives from the Ministry of Finance and the Financial Services Agency, while the Indian side included officials from multiple financial authorities such as the Reserve Bank of India and the Securities and Exchange Board of India. The discussions covered a wide range of topics, from the macroeconomic landscape in each country to cooperation in third countries, and various bilateral and international issues.

Key areas of focus also included regulation, supervision, and financial digitalisation. Representatives from Japan's financial services industry participated in a session that delved into financial regulatory matters and ways to enhance investment opportunities in India. Both nations pledged to continue their dialogue, with the next round of talks scheduled for New Delhi.

(With inputs from agencies.)