<h1>Japan and India Expand Bilateral Swap Arrangement to $50 Billion for Enhanced Financial Stability and Cooperation.</h1> The Bank of Japan and the Reserve Bank of India have expanded their Bilateral Swap Arrangement from USD 15 billion to USD 50 billion, effective immediately. This agreement, signed by the respective governors, aims to address potential short-term liquidity issues and support existing international financial arrangements. It reflects efforts to strengthen cooperation between Japan and India and is expected to contribute to the stability of global financial markets, including those in emerging economies. The arrangement will remain effective until December 3, 2015.