The swap deal expired in 2015 amid worsening relations over issues related to Japan's wartime occupation of the Korean Peninsula, and its restoration would symbolise the improvement in relations, analysts say.
"We must strongly raise the momentum for historic improvement of Japan-South Korea relations.
The ministers will also discuss global economic developments, infrastructure investment in developing countries, and the role both countries could play in multilateral financial cooperation.
The bilateral finance talks, the eighth of their kind, were last held in 2016.
Reporting by Tetsushi Kajimoto; Editing by Leika Kihara, Simon Cameron-Moore and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons:
Yoon Suk Yeol, Kim Keon, Issei Kato TOKYO, Shunichi Suzuki, Choo Kyungho, Masato Kanda, Suzuki, Choo, Tetsushi Kajimoto, Leika Kihara, Simon Cameron, Moore, Gerry Doyle
Organizations:
Tokyo International, REUTERS, Japanese Finance, Korean, Thomson
Locations:
Korean, Tokyo, Japan, South Korea, China, North Korea, Ukraine