Japan and South Korea have agreed to revive a $10 billion currency swap deal, signaling a positive step towards improving their strained relationship. The deal was made between the finance ministers of both countries and marks the first dialogue between the two finance ministers in seven years. The currency swap deal was originally established in 2001 to combat a financial crisis but expired in 2015 due to diplomatic tension. Although the deal is not expected to be implemented immediately, it serves as a significant move in building financial cooperation between Japan and South Korea.
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