No deal on new aid for RI

No deal on new aid for RI

TOKYO (Dow Jones): A senior Japanese finance ministry official said yesterday that no deals had been reached yet on either the Indonesia corporate debt problem or to restart the US$43 billion aid program between Indonesia and the International Monetary Fund.

Briefing reporters on a meeting between Prime Minister Ryutaro Hashimoto and the ministry's vice minister for international affairs, Eisuke Sakakibara, the official also said that neither foreign exchange nor the stock market was discussed in the 15- minute meeting.

"There are various proposals to deal with the Indonesian corporate debt, but I don't want to prejudice the negotiations by commenting on any specific ones," the senior official said.

He added that there wasn't any discussion of additional aid for Indonesia to complement the IMF agreement or for the debt problem.