JAPAN

Miyazawa Won’t Present Stimulus Plan at Summit: Prime Minister Kiichi Miyazawa won’t present a plan to stimulate Japan’s sluggish economy when he meets other leaders of the Group of Seven industrialized nations in Munich next month, an official said. Sosaburo Okamatsu of the Ministry of International Trade and Industry said “our position is to wait to see the result” of a stimulus package announced March 31 and a subsequent cut in the nation’s key lending rate. “If those measures are not sufficient, then we will add supplemental measures,” possibly in late summer or early autumn, he said. The governing Liberal Democratic Party wants a new stimulus package before elections in late July.