Peruvian President Alberto Fujimori will extend his stay in Japan until Wednesday to negotiate loans with the Japanese government, the Peruvian government gazette announced Saturday.

Fujimori, who arrived in Japan on Friday for an intended overnight stay, has been negotiating loans to help fund Peru’s fiscal 2001 budget, according to the gazette. A Peruvian newspaper reported the president is asking Japan to extend $300 million in loans.

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