Tokyo: The 2nd India-Japan Finance Dialogue took place in Tokyo, marking a significant step toward strengthening financial cooperation between the two nations. The meeting, co-chaired by Atsushi Mimura, Vice Minister of Finance for International Affairs, Japan, and Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance, India, focused on a wide array of macroeconomic and financial sector issues.
The Japanese delegation included officials from the Ministry of Finance and the Financial Services Agency, while India’s side was represented by key members from the Ministry of Finance, Reserve Bank of India, Securities and Exchange Board of India, Pension Fund Regulatory and Development Authority, Insurance Regulatory and Development Authority of India, and the International Financial Services Centres Authority.
Discussions centered around the macroeconomic conditions in both countries, potential cooperation in third countries, and international financial concerns. Both sides exchanged insights on regulatory and supervisory matters, financial digitalization, and other policy initiatives aimed at improving the financial sector.
Additionally, representatives from Japan’s financial services industry joined the dialogue to address financial regulatory challenges and opportunities to expand Japanese investment in India. The dialogue underscored the importance of aligning regulatory frameworks and fostering a conducive environment for bilateral investments.
The two countries committed to continuing discussions to further enhance their financial cooperation and deepen bilateral relations. Both sides agreed to explore the possibility of holding the next round of the India-Japan Finance Dialogue in New Delhi.
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