Top Stories From Major Japanese Morning Newspapers, April 29
Tokyo, April 29 (Bloomberg) -- The following stories appeared in major Japanese newspapers this morning: NTT DoCoMo to Procure Phone Equipment From 11 Makers, Nikkei Says
NTT Mobile Communications Network Inc. has reached an agreement with 11 Japanese, U.S. and European manufacturers to procure equipment for its next-generation cellular phone operation, slated to begin in 2001, the Nihon Keizai newspaper reported, citing unidentified persons familiar with the company. The companies include Lucent Technologies Inc., NEC Corp., Fujitsu Ltd., Matsushita Communications Industrial Co., Ericsson AB, Toshiba Corp., Sharp Corp., Denso Corp., Mitsubishi Electric Corp., Motorola Inc. and the Nokia Group. NTT DoCoMo will invest 2 trillion yen ($16.8 billion) in the project during the first several years, starting this fiscal year, the newspaper said. (Nihon Keizai, front page) (For NTT DoCoMo, see 9437 JP CN; for Lucent see LU US CN; NEC see 6701 JP CN; for Fujitsu see 6702 JP CN; for Matsushita see 6781 JP CN; for Ericsson see LMEB SS CN; for Motorola see MOT US CN) Japan to Forgive 100% of Loans to Poorest Nations, Asahi Says
The Japanese government said it will add its voice to the call to forgive all official development assistance debt owed by the world's poorest countries, the Asahi newspaper reported without citing sources. The U.S. and most other Group of Seven industrialized nations are already planning to support the plan for 100 percent debt cancellation, to be proposed at the Group of Seven summit scheduled for Cologne, Germany, in June. Japan will propose extending the repayment period for such debt to 40 years, and replacing the loans with grant aid, effectively forgiving all the loans, the Asahi said. (Asahi newspaper, p. 13) (See NI JAPAN, NI IMF, and NI WB for World Bank)
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