Currency swap among 12 agreements

China and Japan signed 12 intergovernmental agreements, including one on a bilateral currency swap of 200 billion yuan, or 3.4 trillion yen ($30.4 billion), while both countries agreed to explore third-party markets, after Premier Li Keqiang met with his Japanese counterpart, Shinzo Abe, on Friday.

The swap agreement aims to safeguard the financial stability of both countries and support their economic and financial activities, the People's Bank of China, the central bank, said on Friday. It will be valid for three years and can be extended with both sides' approval. Another agreement was signed to set up a renminbi clearance bank in Japan.

The 10 other documents will boost bilateral cooperation in such fields as securities markets, innovation, sports, customs clearance and eldercare.