July 27, 1987 |
Japan's offer to use a slice of its enormous savings to help debtor nations has drawn a cool response from Third World states at a major international conference on trade and debt, delegates said Sunday. A plan to recycle $20 billion of Japan's current account surplus over three years is a modest concession to poor nations, compared with the $90-billion surplus posted for 1986, developing state delegates said.
July 12, 1989 |
Prime Minister Sousuke Uno left today for the economic summit in Paris, where he will pledge more than $65 billion in debt relief and environmental aid for developing nations, a government official said. A Finance Ministry official, who spoke on condition of anonymity, said much of the assistance would be in the form of loans, some with easy terms. The loans would be designed to help debt-ridden countries restructure old loans as a way to reduce debt payments.
May 15, 1987 |
Leaders of Southeast Asia's pro-Western alliance hope the U.S.-Japanese trade dispute will generate unexpected benefits in the form of increased aid to developing nations, according to Indonesian Foreign Minister Mochtar Kusumaatmadja. Mochtar said the trade dispute could have "disastrous results for the rest of the world," but that Japan is likely to respond to American pressure to stimulate its domestic economy and recycle its massive trade surpluses.
June 14, 1992 |
Shrugging off two weeks of incessant criticism from government representatives and environmental activists gathered at the Earth Summit, President Bush declared Saturday that he is prepared to campaign for reelection as the "environmental President." On the day after his controversial nine-minute appearance before the 178-nation gathering, he called his environmental record one that "I will be proud to take to the American people."
March 30, 1989 |
Japan's most powerful business organization said Wednesday that its members will increase direct investment in developing countries to aid those indebted nations. The Federation of Economic Organizations said it had established two new semigovernmental groups composed of representatives of leading Japanese corporations to promote direct investment in the Third World.
June 25, 1993 |
Significantly boosting its international aid, Japan announced today that it will contribute $120 billion over five years to developing countries in a move to demonstrate its "proactive stance" in promoting stability in the post-Cold War world. The financial package, approved by the Cabinet just days before the leaders of the Group of Seven leading industrial nations gather here for a summit, represents a 40% to 50% increase in bilateral aid over the previous five-year plan.