Asian giants China and Japan vow to boost global recovery

TOKYO: Global economic giants Japan and China yesterday pledged to throw their combined weight behind efforts to revive the struggling world economy after talks aimed at boosting trade between the two powers. The world's second and third largest economies also called for a resumption of stalled international talks to free up global trade and said they would launch joint assistance programs for developing countries for the first time.

On the global economic and financial crisis, both countries agreed to implement what was agreed at the London summit swiftly and in a solid manner in order to realize the global economic recovery as soon as possible," said Japan's delegation leader, Foreign Minister Hirofumi Nakasone.

At their London summit in April, the Group of 20 developed and major emerging economies agreed to commit one trillion dollars to the International Monetary Fund and other global bodies to help struggling economies.