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Politics : THE VAST RIGHT WING CONSPIRACY

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To: calgal who wrote (5021)	12/29/2003 10:55:12 PM
From: calgal	Read Replies (1) of 6358

Japan pledges debt reduction for Iraq TOKYO, Dec. 29 (UPI) -- Japan softened its stance over debt relief Monday, agreeing to a U.S. request to provide a "substantial" debt reduction for Iraq. Prime Minister Junichiro Koizumi told U.S. presidential envoy James Baker on Monday that Japan will provide the reduction at the Paris Club meeting of creditors in 2004, the Kyodo news service reported. "In keeping with Japan's global leadership role in Iraq's reconstruction, Japan would be prepared to eliminate the vast majority" of its debt of $4.1 billion owed it by Iraq "if other Paris Club creditors are prepared to do so in the context of a Paris Club agreement," Koizumi told Baker during a meeting in Tokyo. Japanese government sources said Tokyo and Washington will discuss whether it is feasible for Japan to relinquish about two-thirds of its claims against Iraq. The amount of Japan's outstanding loans to Iraq comes to $7 billion if late payment charges are added, according to the Japanese government.

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