The People's Bank of China (PBOC) and the Bank of Japan have agreed to renew their bilateral currency-swap deal with a size of 200 billion yuan (about 28 billion U.S. dollars), or 3.4 trillion Japanese yen.
The agreement will be valid for a three-year period and can be extended by mutual consent, China's central bank said on Friday.
The currency-swap extension will help stabilize the financial markets of the two countries and facilitate bilateral economic and financial exchanges, according to the PBOC.
In October 2018, the PBOC inked a bilateral currency-swap agreement with its Japanese counterpart, allowing the two sides to swap a total of 200 billion yuan for 3.4 trillion yen, and vice versa.
China, Japan extend bilateral currency swap agreement
China, Japan extend bilateral currency swap agreement
China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.
The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.
According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.
In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.
China's aggregate social financing maintains high growth in 2025
