Li also suggested that the two countries carry out cooperation within the framework of the Belt and Road Initiative and jointly explore third-party markets.

The two sides have agreed in principle to sign a currency swap deal at an early date, and China has agreed to grant Japan a quota of 200 billion yuan (about 31.36 billion U.S. dollars) under the RMB Qualified Foreign Institutional Investors (RQFII) program.

The Chinese premier also called for joint efforts to enhance people-to-people friendship and beef up exchanges in culture, education, sports, media and youth as well as at local levels.

For his part, Abe said that with the resumption of a high-level economic dialogue and the exchange of visits between their foreign ministers, Japan and China have witnessed concrete improvement of bilateral ties since last year.

Japan will stick to a peaceful development path, he said, vowing to take the opportunity of Li's visit to further improve ties with China and make it more mature.

Abe pledged to strengthen political mutual trust with China, maintain high-level exchanges and enhance coordination on global and regional issues.

Japan supports China's reform and opening-up, and will continue to boost bilateral cooperation in key areas, jointly safeguard the free trade system, and expand cooperation in investment, tourism, culture, food, disaster reduction and maritime exploration.

The two leaders also conferred on the Korean Peninsula situation and other global and regional issues of common concern.

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