Nakasone and his delegation are visiting South Korea to attend a joint general assembly of the Korea-Japan Cooperation Council. Nakasone, chair of the council, promised its active efforts. This effectively enables the Bank of Canada to provide Canadian dollars to the Bank of Korea, and to provide liquidity in Korean Won to financial institutions in Canada, should the need arise. Lee asked for the council's active cooperation and support for the two nations to continue to improve their relations. During their meeting, Lee said that since its foundation in 1969, the council has been actively working to improve bilateral ties. The arrangement allows for the provision of liquidity in each jurisdiction to support domestic financial stability should market conditions warrant. Likewise, the Bank of Korea can provide Korean Won to the Bank of Canada, as well as provide liquidity in Canadian dollars to financial institutions in Korea. President Lee Myung-bak met with former Japanese Prime Minister Yasuhiro Nakasone on Monday at the presidential office in Seoul.。
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