Finance ministers from the 21-member Asia-Pacific Economic Cooperation, or APEC, have begun their two-day meeting in Kyoto, Japan. The gathering follows last month's G20 finance ministers' meeting in South Korea, which tackled the global currency war.

APEC finance ministers are debating how to strike a balance between expanding social security and maintaining sound finances, as well as boosting cooperation to curb competitive currency devaluation. They will also discuss how to secure finance to enhance economic growth in areas such as infrastructure, small and medium-sized companies and climate change.