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Extension of the Measure to Increase the Size of the Yen-Won Swap Arrangement

January 19, 2010
Bank of Japan

The Bank of Japan has agreed with the Bank of Korea to extend the measure ( * ) to increase the maximum amount of the bilateral yen-won swap arrangement. The increase will be effective until April 30, 2010.

The Bank of Japan believes that this action will continue to contribute to securing stability in regional financial markets.

  • The Bank of Japan agreed with the Bank of Korea in December 2008 on an increase in the maximum amount of the bilateral yen-won swap arrangement from three billion US dollars equivalent to twenty billion US dollars equivalent as a temporary measure effective until the end of April 2009.  This measure was extended on March 31 until October 30, 2009, and further extended on October 16, 2009, until February 1.
    See the annex figure [PDF 54KB].

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