The foreign ministers of China and Japan will hold talks on Wednesday, four days after Japan's announcement of its plan to "nationalize" China's Diaoyu Islands, media reports said.

Japanese Prime Minister Yoshihiko Noda said on Saturday that his cabinet is seeking to "nationalize" part of the islands.

The talks are expected to take place on the sidelines of the series of foreign ministers' meetings of the ASEAN Regional Forum in Phnom Penh, Cambodia.