Japan to send advisors

Japan to send advisors

TOKYO (Nikkei): The Ministry of Finance will send advisors to
Thailand, Indonesia and Vietnam during the current fiscal year to
advise them on managing their economies, The Nihon Keizai Shimbun
reported in its Monday morning edition, citing ministry sources.

By imparting expertise in fiscal policy and the setting up of
bond markets, the ministry hopes to help the countries build a
fiscal and monetary system that can avert currency crises.

The dispatch would be part of the US$30 billion so-called New
Miyazawa Initiative to assist fellow Asian nations.

Beginning this week, four people from the ministry's budget
bureau, tax bureau and financial bureau will travel to Thailand
for a fortnight to instruct government officials there on
managing public works budgets, devising policies to control
government debt, and advise on inheritance and environmental
taxes and other areas.

Members of the ministry's international bureau will soon begin
working in Indonesia for two-year stints. In addition to
assisting the government there on fiscal policy, the delegation
will also offer advice on using yen loans and managing foreign
debt.