TOKYO: Japanese finance minister Ryutaro Hashimoto said his government was prepared to resume financial aid to China and if necessary it may not wait until the United States was ready to do the same.
Hashimoto told reporters Japan and the U S could differ on the China issue, but at the same time he also said lifting to normalize its relations with the rest of the world which insists on improvement in its civil rights situation.
Meanwhile, Bank of China was reported in Asahi Shimbun newspaper to have notified a consortium of 67 Japanese banks that it would soon start drawing on the two billion dollar standby credit line opened five years ago.
The Asahi report, quoting international financial sources, said China, which so far has not used this private level credit arrangement, must be badly in need of foreign
Article extracted from this publication >> January 19, 1990
