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Bilateral swap arrangement between Japan and Malaysia

Ref No : 05/17/04 05 May 2017 Embargo : For immediate release    

The Bank of Japan, acting as the agent for the Minister of Finance of Japan, and Bank Negara Malaysia welcomed the agreement-in-principle to conclude a Bilateral Swap Arrangement (BSA) of up to USD3 billion.

The authorities are currently undertaking the necessary actions to complete their respective domestic approval process. This arrangement features a two-way swap, in which both Japan and Malaysia will, upon request, provide US dollars to each other through currency swaps.

The authorities in Japan and Malaysia look forward to strengthening bilateral co-operation through this arrangement that will contribute to the stability of financial markets. It will further deepen the economic and trade ties between the two countries.

Ministry of Finance Japan
Bank Negara Malaysia
5 May 2017

 

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