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According to the latest story carried by the Nikkei Asian Review, a Japanese newspaper, Asian finance leaders agreed to consider adding the Chinese Yuan and the Japanese Yen to their multilateral currency swap arrangement, Reuters reports.

Nikkei reported: “The addition of local currencies to the swap deal, known as the Chiang Mai initiative, “may be one enhancement option,” the finance ministers and central bank governors of Japan, China, South Korea and the Association of Southeast Asian Nations (ASEAN) said in a joint statement on Thursday.”