The leaders of Japan and South Korea have met in Seoul. Japanese Prime Minister Yoshihiko Noda and South Korean President Lee Myung Bak confirmed their desire to cement relations with eyes toward the future.
They also agreed to expand their currency swap volume by more than 5 times to 70-billion dollars to help stabilize the money market. The two leaders also agreed to strengthen negotiations to conclude the Economic Partnership Agreement, which stalled 7 years ago.
Historical and territorial disputes were not on the table. But Lee stressed that history cannot be forgotten in moving relations forward. Behind that remark is a number of outstanding issues, including South Korean women forced into sexual slavery by the Japanese military during World War Two.
Noda stressed the summit was an important step for promoting future-oriented relations. But Japan will need to overcome some thorny bilateral issues to promote economic cooperation.
In this program, Professor Lee Keun Gwan of Seoul National University and Professor Yukiko Fukagawa of Waseda University analyze the summit goals and outcome.
In other news: - Floods in Thailand affect Bangkok. - China calls for "strong socialist culture."
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