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.
The Peruvian Embassy in Tokyo said Fujimori met Japan Bank for International Cooperation Governor Hiroshi Yasuda on Friday, as well as the Foreign Ministry's Latin American and Caribbean Affairs Bureau director general, Takahiko Horimura, and Muneo Suzuki, the director general of the Liberal Democratic Party's election bureau.
A Foreign Ministry spokesman said Fujimori was not scheduled to meet Prime Minister Yoshiro Mori or Foreign Minister Yohei Kono.
The spokesman dismissed speculation that Fujimori may plan to seek asylum in Japan, due to the pressure he is feeling in Peru to step down in the wake of bribery and other scandals linked to his former spy chief, Vladimiro Montesinos.
Fujimori arrived in Japan via Malaysia after attending the Asia-Pacific Economic Cooperation forum summit in Brunei. He was to travel on to Panama to attend the Ibero-America summit, which began Friday.
Fujimori is a Japanese-Peruvian whose parents emigrated from Japan's Kumamoto Prefecture in the 1920s.