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blank.gif (49 bytes)20/01/1999, updated at 16:00        blank.gif (49 bytes)weather.gif (982 bytes)archive.gif (946 bytes)search.gif (947 bytes)

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Japanese PM Vows to Reactivate Economy

����Japanese Prime Minister Keizo Obuchi pledged Tuesday to make every effort to put the ailing Japanese economy back on track.

����"I am confident that Japan's economic growth rate will recover to the 0.5 percent level in real terms in fiscal 1999," Obuchi said in addressing the opening session of the 145th regular Diet (parliament).

����The Japanese government has set 0.5 percent growth rate for fiscal 1999 starting April 1 on the strength of an expansionary budget.

����The current reform of the Japanese government oriented toward the 21st century will establish "five bridges to the world, flourish, stability, security and future", Obuchi pledged.

����On foreign affairs, the prime minister said, Japan should first consider to guarantee the state security and flourish, win respect from the international community and take responsibilities in line with Japan's international status.

����Japan will continuously strengthen the Japan-US relationship and pass the bill of new guidelines for Japanese-US Defense Cooperation, Obuchi noted.

����The second thing in the diplomatic field is to construct stable relations with China and Russia, Obuchi said, adding that Japan will try to normalize its relations with Russia next year.

����On Japanese-Chinese relationship, Obuchi said that this relationship has stepped into a new stage since Chinese President Jiang Zemin's state visit to Japan last year and hoped the two nations strengthen their cooperation in the international community.

����

WorldNews 1999-01-20 Page6

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