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blank.gif (49 bytes)14/01/1999, updated at 16:00        blank.gif (49 bytes)weather.gif (982 bytes)archive.gif (946 bytes)search.gif (947 bytes)

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Western European Economic News

����*Germany and Japan will strengthen coordination in solving the international economic and financial issues and seek ways to deal with the global economic crisis, Japanese Prime Minister Keizo Obuchi and German Chancellor Gerhard Schroeder made the remarks after their talks in Bonn Tuesday.

����The cooperation between the two nations in this field will be in the framework of the G7, the two prime ministers stressed.

����Schroeder also said Bonn and Tokyo would coordinate their efforts to stabilize the economic situation in Russia.

����Obuchi said the Japanese government is trying to revitalize its economy through straightening out Japan's banking system and hoped the yen will become a strong currency as the dollar and the Euro.

����*Falling fuel prices helped cut inflation in France to just 0.3 percent in 1998, the lowest since 1953, according to the statistics released Tuesday.

����*The volumes of German export, import and foreign surplus all hit a record high in 1998. The foreign trade surplus was DM144 billion, 10 billion more than that of the ever best in 1989.

����

Economicnews 1999-01-14 Page7

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