Singapore’s central bank, MAS, and the Bank of Japan (BOJ) have agreed to extend their bilateral local currency swap pact for an additional three years.
The renewed agreement permits each central bank to trade up to S$15 billion or JPY 1.1 trillion in their domestic currencies, a statement dated 28 November 2025 said.
According to MAS, the swap line supports the provision of yen liquidity to qualified financial institutions in Singapore, helping facilitate their international activities.
The arrangement was first introduced in November 2016 and has since been renewed on a three-year cycle, MAS noted.
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