Japanese FM meets his Indian counterpart

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New Delhi, Jan 4: Visiting Japanese Finance Minister Fukushiro Nukaga held talks with his Indian counterpart P. Chidambaram here today. According to reports, Japan and India are set to sign a currency swap deal totalling six billion dollars to guard against a possible financial crisis. Under the deal, the two governments will supply each other with up to three billion dollars from their foreign currency reserves for possible market intervention in the event of financial turmoil.

Nukaga also met External Affairs Minister Pranab Mukherjee.


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