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To: djane who wrote (47466)	5/24/1998 1:26:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 61433

I did a little research on Asia and Japan after reading your post: nikkei.co.jp nikkei.co.jp nikkei.co.jp >>>From the daily news: May 22, 1998 Tokyo ToExtend Economic Aid To Jakarta After Order Restored To Country TOKYO (Nikkei)-The Japanese government will begin extending previously promised economic assistance to Indonesia once the country has been restored to order, government sources said Thursday. Japanese Foreign Ministry officials said that the new president, B.J. Habibie, should make the swift rehabilitation of the Indonesian economy his first priority. Tokyo hopes the new administration will fully implement economic reforms>>> nikkei.co.jp <<< From the daily news: May 22, 1998 Japanese Banks Set To Resume Operations In Indonesia TOKYO (Nikkei)-Japanese banks plan to resume business operations in Indonesia on Friday, expecting social unrest to subside with the resignation of President Suharto, bank sources said. >>> nikkei.co.jp From the daily news: May 22, 1998 Indonesia's Habibie Pledges To Honor IMF Accords JAKARTA (Nikkei)-Indonesia's new president, B.J. Habibie, said Thursday that his government would carry out economic and other reforms outlined in its agreements with the International Monetary Fund. Addressing the nation in his first televised appearance since succeeding Suharto, Habibie pledged: "The government will continue to carry out all the commitments we have agreed upon with international entities, in particular by implementing the economic-reform program reached with the IMF." Habibie expressed a strong resolve to overcome the nation's economic crisis and said his government would root out "corruption, collusion and nepotism." The new president sought the support of the Indonesian people, saying that he would form "a responsible government in accordance with the ethics to which we all aspire." Habibie also made an overture to the student protest movement. "The students' struggle to speed up the reform process was a wind that will lead us into the 21st century," he said. >>> In the chip sector: <<< Saturday, May 23, 1998 Volume 3 No:682 Issued: 10:00 a.m. JST NEC To Invest 300 Bln Yen In 256MB Chip Production TOKYO (Nikkei)-NEC Corp. (6701) will invest more than 300 billion yen in output facilities for 256 megabit DRAM chips in Japan and the U.S., and start mass production in about two years, it was learned by The Nihon Keizai Shimbun on Friday. The company may also make 256MB DRAMs at a joint venture chip plant in Shanghai. The Chinese plant will initially produce 64 megabit DRAMS when it comes on stream in February 1999. The Tokyo-based electronics giant will install a 256MB DRAM facility at its Kumamoto plant, with mass production scheduled to commence in summer 2000. The company will construct a similar facility on a site adjacent to its California chip plant, and move into full production from early 2001. Monthly production at the Japanese and U.S. plants will total more than 10 million 256MB DRAMS by the end of fiscal 2001. Although many chipmakers in Japan and South Korea are retrenching ahead of the expected long-term downturn in the memory market, NEC is making money on its chip operations and aims to lead the market in next-generation memories. The company will also invest around 300 billion yen in output facilities for next-generation integrated circuit systems for home electronics, in anticipation of higher demand as a result of the increasing digitization of consumer electronics. (The Nihon Keizai Shimbun Saturday morning edition]