Japanese Foreign Minister Takeshi Iwaya will travel to South Korea on Monday to shore up security cooperation between the East Asian neighbours and their mutual U.S. ally that is meant to counter China's growing regional power.

A Korea-Japan bilateral foreign ministers’ meeting will take place in Seoul next Monday afternoon, Seoul's Ministry of Foreign Affairs announced Friday.

The top diplomats of South Korea and Japan will hold talks early next week on bilateral relations and other shared issues, Seoul's foreign ministry said Friday, The talks between Foreign Minister Cho Tae-yul and Japanese Foreign Minister Takeshi Iwaya will take place in Seoul on Monday,

Japanese household spending fell 0.4% in November from a year earlier, internal affairs ministry data showed on Friday. That compared with the median market forecast for a 0.6% decline. On a seasonally adjusted,

Japan’s households cut consumption for a fourth month as inflation continues to weigh on their purchasing power, showing an economic fragility that’s likely to keep the Bank of Japan cautious about additional rate hikes.

The new measures targeted individuals and entities from Russia, China, the United Arab Emirates, Kazakhstan, Kyrgyzstan, Thailand, Turkey, and North Korea.