No plans to extend currency swap deal with S. Korea: Japanese media

The decision comes as Tokyo's ties with Seoul frayed badly after President Lee Myung-bak visited a set of islands in August claimed by both countries and located about midway between them, known as Takeshima in Japan and Dokdo in Korea.

The government will make a final decision later this month although South Korea has not asked for an extension so far, the Nikkei business daily reported, citing a Japanese official.

The two countries expanded their currency swap arrangements over five-fold to US$70 billion in October 2011, citing the need for pre-emptive arrangements amid global economic uncertainty.

Expiration means that the total swap arrangements would be reduced to US$13 billion as before from November.

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