India and Japan have reinforced their financial cooperation and bilateral relations during the second India-Japan Finance Dialogue, held in Tokyo on September 6. The meeting focused on the macroeconomic conditions in both countries and explored various aspects of financial regulation and digitalization.
The discussions covered cooperation in third countries, bilateral relations, and international financial issues. Participants also addressed financial sector topics, including regulation, supervision, and digitalization, with input from Japan’s financial services industry. The aim was to foster greater investment opportunities in India.
Both nations agreed to continue their collaborative efforts and explore the possibility of hosting the next Finance Dialogue in New Delhi. The Indian delegation was led by Economic Affairs Secretary Ajay Seth, while Japan's team was headed by Atsushi Mimura, Vice Minister of Finance for International Affairs. The Japanese delegation also included members from the Ministry of Finance and the Financial Services Agency.
From the Indian side, the discussion included representatives from the Ministry of Finance, Reserve Bank of India, SEBI, Pension Fund Regulatory and Development Authority, Insurance Regulatory and Development Authority of India, and the International Financial Services Centres Authority.
The Japanese delegation was composed of key representatives from the Ministry of Finance and the Financial Services Agency. These officials played a crucial role in discussing financial regulatory matters and exploring opportunities for enhanced cooperation. On the Indian side, a diverse group of experts participated in the dialogue. This included representatives from the Ministry of Finance, who provided insights on economic policies and fiscal matters, as well as officials from the Reserve Bank of India, which offered perspectives on monetary policy and financial stability. Additionally, the Securities and Exchange Board of India (SEBI) contributed expertise on market regulation and investor protection. The Pension Fund Regulatory and Development Authority shared views on pension sector reforms, while the Insurance Regulatory and Development Authority of India discussed insurance industry regulations. The International Financial Services Centres Authority provided input on the development of financial services hubs in India. Together, these representatives engaged in comprehensive discussions to advance financial collaboration between the two nations.
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