Blog: India And Japan Hold Finance Dialogue In New Delhi – BW Businessworld

Japanese vice minister of finance for international affairs, Masato Kanda and Ajay Seth, secretary, department of economic affairs, ministry of finance held the first India-Japan finance dialogue on Thursday.

In view of the growing importance of India-Japan relations in recent years, the dialogue on India-Japan financial cooperation, which had been held at the level of deputy director-general, was upgraded to the level of the vice minister and secretary, said the finance ministry. 

The Japanese delegation included representatives from the ministry of finance, financial services agency, and financial institutions. From the Indian side, the representatives from the Ministry of Finance, Reserve Bank of India, Insurance Regulatory and Development Authority of India, Securities and Exchange Board of India, and financial institutions participated in the discussion.

The participants exchanged their views on the macroeconomic situation, financial system, financial digitalisation and investment environment in both countries, and confirmed that both sides will continue to work closely together as they hold the presidency of G20 and G7 next year, it said. 

The ministry added that the participants including private financial institutions also discussed various financial regulation issues towards further expansion of investment in India.

Both sides agreed to continue discussions for further promoting financial cooperation and strengthening bilateral relations, and agreed to explore holding the next round of the dialogue in Tokyo

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