The Ministry of International Trade and Industry announced Friday it will broaden the range of countries and projects the government yen-loan scheme targets to aid economic reform in the aftermath of the Asian financial crisis.
The special yen-loan scheme was established in 1998 on the initiative of Prime Minister Keizo Obuchi to help Asia recover from the economic crisis, which surfaced in 1997. A total of 600 billion yen in loans, with an interest rate of 1 percent and payable over 40 years, are budgeted from fiscal 1999 through 2001.

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