日本和韩国周四同意将其100亿美元货币互换安排延长，据称再延长三年，以保持双方在金融紧急情况下可动用的美元来源。
Japan and South Korea agreed Thursday to extend their $10 billion currency swap arrangement, reportedly for another three years, preserving a source of U.S. dollars that either state can draw on during a financial emergency.
财务大臣片山萨纪和她的韩国对应者李亨一在曼谷达成协议，当时他们正在那里参加国际金融会议。
Finance Minister Satsuki Katayama and her South Korean counterpart Lee Hyoung-il reached the agreement in Bangkok, where they were attending international financial meetings.
两位大臣均承认各自国家拥有充足的外币流动性，但认识到该互换作为持续合作象征的意义。
Both ministers acknowledged that their countries had sufficient foreign currency liquidity but recognized the swap’s significance as a symbol of sustained cooperation.
该互换协议原定于11月底到期，预计将延长至2029年11月，规模保持不变。日本财务省周五未立即确认其期限。
The swap agreement, set to expire at the end of November, is expected to run through November 2029, with its size unchanged. Japan’s Finance Ministry did not immediately confirm its duration on Friday.
此次延长发生之际，首尔正面临去年与华盛顿达成的关税协议下的大额美国投资承诺。该3500亿美元方案包括2000亿美元的战略投资，年度上限为200亿美元，以及1500亿美元用于造船。
The extension comes as Seoul faces substantial U.S. investment commitments under its tariff deal with Washington last year. The $350 billion package includes $200 billion in strategic investments, capped at $20 billion per calendar year, and $150 billion for shipbuilding.
为投资协议购买美元可能削弱韩元，使进口和以美元计价的债务更加昂贵。该延长为首尔保留了紧急美元来源，而首尔的金融保障措施较少，外汇储备也小于东京。
Buying dollars to fund the investment deal could weaken the South Korean currency, making imports and dollar-denominated debts more expensive. The extension preserves an emergency source of dollars for Seoul, which has fewer financial safeguards and smaller foreign exchange reserves than Tokyo.
该互换作为紧急借贷设施运作。如果韩国面临美元短缺，其当局可以将韩元兑换为日本外汇储备中持有的美元。日本同样可以通过兑换日元从韩国获得美元。交易是临时性的，借入的美元将在以后归还。
The swap works as an emergency borrowing facility. If South Korea faces dollar shortages, its authorities can exchange won for dollars held in Japan’s foreign exchange reserves. Japan can similarly obtain dollars from South Korea in exchange for yen. Transactions are temporary, with the borrowed dollars to be returned later.
获取美元很重要，因为银行和企业需要美元来偿还海外债务和进行国际支付。在金融动荡期间，贷款人可能不愿提供美元，使这些义务更难履行。
Access to dollars matters because banks and businesses need them to repay overseas debts and make international payments. During financial turmoil, lenders may become reluctant to supply dollars, making those obligations harder to meet.
上述双边互换安排于2015年2月到期后未续签，当时因历史和领土争议导致关系紧张。双方政府均表示，该决定反映了经济和金融方面的考虑。
The previous bilateral swap arrangement expired without being renewed in February 2015, amid strained relations over historical and territorial disputes. Both governments at the time explained that the decision reflected economic and financial considerations.
两国于2023年同意恢复互换协议，随着关系逐步改善，同年12月达成当前的三年期协议。
The two countries agreed to revive the swap deal in 2023 as ties gradually improved,g the current three-year agreement in December that year.