Japan indicated August 6 that it is ready to extend the greatest amount of financial assistance in a multilateral effort to support Thailand’s flailing economy.
Finance Minister Hiroshi Mitsuzuka welcomed the comprehensive package of economic policies outlined by Bangkok on August 5 that were in line with conditions laid out by the International Monetary Fund for securing IMF credit. The measures include the closure of dozens of ailing financial companies and a raise in the value-added tax — steps Mitsuzuka said would contribute to stabilizing financial markets and securing mid- to long-term economic growth in Thailand.
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