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Britain's Brown urges Japan to help buoy Asian economy.

LONDON, Sept. 15 Kyodo British Chancellor of the Exchequer Gordon Brown urged Japan on Tuesday to revive its faltering economy to help promote Asian economic growth.

Brown, briefing reporters before his trip to Japan starting Wednesday, said that Japan should play a role in promoting growth in Asia and has a responsibility to revive its economy.

Asked to comment on the Bank of Japan's decision last week to guide the key unsecured overnight call money rate to around 0.25% from 0.4-0.5%, Brown said he expects the easing of monetary policy to work in the economy's favor.

Brown said he welcomes reforms Japan is adopting to clean up its bad-loan mess, but he stopped short of going into details.

During his stay in Tokyo, Brown is scheduled to meet Finance Minister Kiichi Miyazawa and Bank of Japan Governor Masaru Hayami.
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Publication:Asian Economic News
Geographic Code:9JAPA
Date:Sep 21, 1998
Words:142
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