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Albright To Talk Banking in Japan

June 22, 1998

WASHINGTON (AP) _ Japan’s ailing banking system will be on the agenda when Secretary of State Madeleine Albright stops in Tokyo next month to brief government leaders on President Clinton’s talks in China.

Japan’s economic place in Asia ``is a matter not just for Treasury officials; it’s a matter of national interest to the United States,″ James P. Rubin, the State Department spokesman, said Monday.

``It has been part and parcel of our discussion. So I would fully expect that the issue of the Asian financial crisis, Japan’s economy, the relationship thereto, would figure prominently in her discussions in Japan″ on her July 3-4 visit, Rubin said.

Albright will go to Tokyo after accompanying Clinton to China.

In meetings over the weekend with U.S., British, French, German, Canadian, Italian and French officials, Japan ruled out specific action on its banking problems until after elections next month.

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