Japan, China agree to help world economy | business | Hindustan Times
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Japan, China agree to help world economy

business Updated: Dec 13, 2008 13:41 IST

Japanese Prime Minister Taro Aso and Chinese Premier Wen Jiabao agreed on Saturday to collaborate in helping the world economy escape from downturns in the midst of financial crisis, a Japanese foreign ministry official said.

The two underscored the need to bolster domestic demand in their economies as well as in South Korea, in a meeting ahead of a rare trilateral summit that will also include South Korean President Lee Myung-bak.

The summit in southern Japan comes one day after the collapse of a bailout for U.S. auto makers that sparked sell-offs in global stock markets and sent the dollar to a 13-year low against the yen.