Japan to Increase Its Foreign Aid
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From Times Wire Services
TOKYO — The Cabinet on Tuesday approved a five-year goal of $50 billion in aid to developing nations, a program that Prime Minister Noboru Takeshita will take to the economic summit Sunday in Toronto to back his pledge to make Japan “a nation that contributes to the world.”
The $50 billion doubles Japan’s foreign aid in the last five years, although the annual average of $10 billion is only one-third more than last year’s $7.5 billion. It would make Japan the world’s leading donor; U.S. aid last year was $9.8 billion.
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