Japan, India to launch $6 bil. currency swap scheme in spring

Japan, India to launch $6 bil. currency swap scheme in spring

NEW DELHI, India - Japanese Finance Minister Fukushiro Nukaga (L) and his Indian counterpart Palaniappan Chidambaram pose for photographers during a meeting in New Delhi on Jan. 4. Nukaga and Chidambaram agreed to launch a bilateral currency swap arrangement in the spring in which the two countries will provide up to $6 billion in total to stem a financial crisis, Japanese officials said. (Kyodo)

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