May 07, 1999
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| May 07, 1999 | atimes.com | |
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| The Koreas Japan to pay $1bn for N. Korean nuclear reactors Tokyo - Japan agreed to contribute $1 billion to finance the construction of nuclear reactors in NorthKorea, said Agence France-Presse, citing the Ministry of Foreign Affairs. A financing agreement for the lightwater reactors - tobe built in exchange for a nuclear weapons freeze by North Korea- was signed in New York Monday with the Korean Peninsula EnergyDevelopment Organization during Japanese Prime Minister KeizoObuchi's visit to the U.S. Tokyo previously suspended signing thecontract with KEDO - set up by South Korea, Japan and the U.S.in 1995 - when North Korea launched a rocket that flew overJapan on August 31, the report said. aide to the highest-ranking defector from North Korea,Hwang Jang Yop, said last month the communist state has at leastfive nuclear bombs. (Bloomberg/AFP) | |||||||||
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