3 June 2015
President Benigno S. Aquino III met with the Bank of Japan (BOJ) Governor Haruhiko Kuroda on the second day of his State Visit to Japan.
After his address before the Joint Session of the National Diet of Japan, President Aquino engaged in a brief meet and greet with Governor Kuroda who served as the 31st president of the Asian Development Bank (ADB) which is based in the Philippines. The Governor has met the President several times in various engagements before his retirement.
During his ADB stint, the Philippine government achieved high and sustainable growth that led the ADB to support the country in various programs and projects in infrastructure, environment, education and public sector.
At present, the Bangko Sentral ng Pilipinas (BSP) and the Bank of Japan (BOJ) agreed to establish a cross-border liquidity arrangement which aims to enhance financial stability in the Philippines. BSP and BOJ expanded its new bilateral currency swap agreement with Japan to stabilize financial markets and contribute in protecting both economies. The collaboration further reinforces the long-standing economic and financial relations between the two nations.
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