World IN BRIEF : JAPAN : 7.8% Foreign Aid Increase Planned
From Times Staff and Wire Reports
Japan, already the world’s largest foreign aid donor, plans to boost its overseas assistance budget by 7.8% in fiscal 1992, Foreign Minister Michio Watanabe said. He said the government’s official development assistance would total $7.6 billion for the 1992 fiscal year beginning April 1, and that the increase in foreign aid indicates that Japan intends to step up its international contributions in line with its status as an economic superpower. After approval by the Cabinet, the draft budget must be approved by Parliament.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
