India, Japan discuss macroeconomic situation during Finance Dialogue

Atsushi Mimura, Vice Minister of Finance for International Affairs, Japan, and Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, India held the talks during the meeting in Tokyo city.

The Japanese delegation included the representatives from Ministry of Finance and Financial Services Agency.

From the Indian side, the representatives from Ministry of Finance, Reserve Bank of India, Securities and Exchange Board of India, Pension Fund Regulatory and Development Authority, Insurance Regulatory and Development Authority of India, and International Financial Services Centres Authority participated in the discussion.

The participants exchanged their views on the macroeconomic situation in both countries.

They discussed cooperation in third countries, bilateral cooperation, and international issues.

The participants also shared views on financial sector issues, including regulation and supervision, financial digitalisation, as well as other policy initiatives in both countries.

The participants were also joined by representatives of Japan’s financial services industry for a session to discuss various financial regulatory 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 New Delhi.