CO TOKYO
GR 230
CYPHER/CAT A
b
7
FE
328
CY
copy to I/KIOD
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Mr. Hervey
RE
Just HKK.21/4.
112
S
VFM DTI 041525Z
CEXT
CONFIDENTIAL
TO IMMEDIATE TOKYO TELNO CREDA 555 OF 4 DECEMBER.
FOR BURGES WATSON FROM HARRIS.
YOU WILL BE AWARE THAT MAJOR DECISIONS ON THE BIDS FOR THE HONG
KONG MASS TRANSIT SCHEME ARE EXPECTED SHORTLY. IT WOULD BE HELPFUL
TO THOSE DEALING WITH THE PROJECT HERE IF WE COULD BRIEF THEM ON
RECENT JAPANESE EXPERIENCE OF PRICE INFLATION. WE WOULD BE GRATEFUL
FOR ANY INFORMATION YOU COULD SEND US URGENTLY ON THE FOLLOWING
POINTS:
A. THE LATEST WHOLESALE PRICE INDEX FIGURES, HOW THEY COMPARE WITH A YEAR AGO AND THE PRESENT RATE OF ANNUAL INCREASE.
D. ANY AVAILABLE MATERIAL ON INCREASES IN PRICES OF MANUFACTURED
GOODS AND/OR EXPORT PRICES THIS YEAR.
C. MOVEMENT OF INTEREST RATES AND WAGES OVER THE LAST YEAR.
D. ANY INDICES FOR PARTICULAR SECTORS SUCH AS STEEL AND
CONSTRUCTION COSTS WHICH WOULD BE RELEVANT TO AMAJOR CAPITAL PROJECT.
THE TIMES ON 30 NOVEMBER FOR EXAMPLE SAID THAT A COMPARISON OF REAL
AND NOMINAL GROWTH RATES SHOWED THAT PRICE INCREASES IN THE
CONSTRUCTION SECTOR WERE PARTICULARLY SEVERE DURING THE THIRD
QUARTER.
E. ANY OTHER INFORMATION YOU FEEL MIGHT BE RELEVANT TO A
CONSIDERATION OF RECENT AND FUTURE EXPORT COMPETITIVENESS ON A
PROJECT OF THIS KIND.
FOR THE PURPOSES FOR WHICH HTHIS MATERIAL IS REQUIRED ONLY
PUBLISHED INFORMATION CAN BE USED. WOULD BE GRATEFUL IF THISCOULD
BE SENT BY NOON 6 DECEMBER OUR TIME.
DTI
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