China's central bank governor to skip IMF meeting in Japan amid islands dispute

Last Updated: Thu, Oct 11, 2012 08:10 hrs

The governor of China's central bank has reportedly pulled out of the International Monetary Fund (IMF) and World Bank meetings in Japan.

Zhou Xiaochuan, the governor of the People's Bank of China, was scheduled to attend the meetings and deliver a speech at the event.

An IMF spokesperson, however, said Zhou's might cancel his lecture in Tokyo.

"We were informed two days ago that Governor Zhou's schedule might require him to cancel his lecture in Tokyo," the spokesperson told the BBC.

"It has now been confirmed that his deputy Yi Gang will represent him at the IMF-World Bank annual meetings and will deliver his Per Jacobsson Lecture," he added.

Chinese Finance Minister Xie Xuren is also apparently skipping the meetings, the report said.

According to the report, the move comes in the wake of an ongoing territorial dispute between the two countries.

Relations between the two soured after Japan said it had purchased disputed islands in the East China Sea claimed by both Tokyo and Beijing. (ANI)

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