No. 2 — January 14, 2000

Feature Article

GOVERNMENT DEFICITS AND DEBT: TOKYO'S DILEMMA

Douglas Ostrom

• Summary
• Japan's Position In Global And Chronological Perspective
• FILP Reforms
• Why Debt Matters: The Long Run
• Implications Of Japan's Growing Government Debt
• What Should Japan Do Now?
• Conclusion
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Weekly Review

• Coalition Politicians Delay Deposit Insurance Program
  --- by Douglas Ostrom
• Tokyo Stocks End 1990s On Upbeat Note
  --- by Jon Choy
• Japan, Saudi Arabia In Tough Negotiations For Renewed Oil-Drilling Rights
  --- by Marc Castellano
• Defense Chiefs Exchange Views On Base Relocation, Funding Matters
  --- by Barbara Wanner

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