Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.429

+3.1%

Jan 30 9:30 AM EST

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To: Steve Fancy who wrote (9174)	10/26/1998 11:09:00 PM
From: Steve Fancy	of 22640

MOF Kuroda:Japan Neither Approves Nor Opposed To Brazil Aid Dow Jones Newswires TOKYO -- Japan neither approves of or is opposed to an international economic assistance package for Brazil, the head the Japanese Finance Ministry's international bureau said Tuesday. Haruhiko Kuroda told a small group of reporters that he understands that Brazil is still only conducting unofficial talks with the International Monetary Fund regarding possible assistance. Until Japan receives word of an official agreement between the IMF and Brazil, "we can't say we either approve of or are opposed to" an aid package, he said. Asked about a New York Times report Sunday saying that Japan and Germany are opposed to participating in an assistance effort for Brazil, Kuroda said such a report is "erroneous." Kuroda said he believed Brazilian markets have become more stable.

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