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Asia nibbles at Japan bond guarantee offer.
Business Asia
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June 14, 1999|
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COPYRIGHT 1999 First Charlton Communications Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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South East Asia's crisis-hit economies have moved a step closer to taking advantage of a Japanese plan to help them regain their credibility on the international bond markets.
Mr Eisuke Sakakibara, Japan's top financial diplomat, is courting Thailand and Singapore for talks on Tokyo's bond guarantee plan after meeting with Malaysian Prime Minister Dr Mahathir Mohamad, who expressed interest in issuing sovereign debt with partial guarantees from Japan.
Mr Sakakibara is laying the groundwork for the second stage of Japan's implementation of a US$30 billion ...
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