Tuesday, the Bank of Korea extended its currency swap facility worth US$20 billion with the Bank of Japan. The agreement is extended for the three months to April, which was originally scheduled to end on February 1. According to the Korean central bank, this measure will help to stabilize the regional financial markets. The won-yen currency swap line was increased in December 2008 to US$20 billion from US$3 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.