European Stars And Stripes (Newspaper) - November 7, 1987, Darmstadt, Hesse                                Page 8 the stars and stripes saturday. November 7,1987 prime minister Nakasone Steps Down for successor Tokyo Impi prime minister Yasuhiro Naka Sone stepped out of the spotlight Friday leaving office after five years but the once popular Leader May stay behind the scenes to guide his successor Noboru i ate Shila. Takishita a skilled politician who lacks experience in world affairs was inaugurated As Japan s 46thprime minister after a Vole in the japanese diet or parliament. When he chairman of he diet announced Takeshi la had won a foregone conclusion since he was hand picked by Nakasone iwo weeks ago the new prime minister turned and Shook the hand of the outgoing prime minister. Most analysts believe Nakasone will be a guiding Force in the Takishita administration. I m convinced Tak Shila will follow the foreign policy line i Laid Down Nakasone 69, said is a recent Farewell reception. Nakasone roared into office in november 1982, promising 10 increase defense spending reduce Trade friction and improve lies with the United states. He has. At nest had limited Success on All fronts. But his forceful style and aggressive Pursuit of poli cies won him respect As a Strong Leader abroad elevating him above the Slature of tie faceless prime min ister which Japan s leaders often remain. Shortly after his election Nakasone a Hawk on de sense issues said on a trip to Washington that Japan should be an unsinkable aircraft Carrier for the unit i i Tats. He proceeded to increase japanese military spend ing and discarded a decade old prohibition limiting military budgets to 1 percent of the Gross National product. But on Trade issues he was less fortunate promising to open Japan a Market but unable to win the cooperation of Trie bureaucracy and business leaders. He leaves office with the United Stales on the verge of passing a Trade Bill that will significantly punish Japan for the continuing . Trade deficit honestly speaking. I think .japanese relation have worsened  Laid shunt Are Abe Secretary general of the ruling Liberal democratic party. Nakasonc s Low Point in International relations did not come on the Trade Issue but when he took up therace Issue in september 1986. Nakasone insulted american minorities by saying because i hectare Blacks puerto Rica Sand mexican sin America the intellectual level is far lower when seen from the average domestically his popularity dropped earlier this year when he tried to Force a 5 percent sales tax through the diet. The move generated Street protests and unified the usually div Mied opposition parties. Nakasone finally withdrew the plan. Takeshita 63, is expected to fallow Nakasono s poli cies but Mote quietly and with an emphasis on build ing consensus a popular theory among political analysis is that Nakasone picked Takeshita because he is weak an will be dependent on Nakasone s advice especially in foreign affairs. Takeshita appointed a lop Nakasone ally Sosuke Uno to be his foreign minister and accepted Naka Sone s suggestion to schedule a trip to the United Stales in january. Takishita is expected to name Nakasone president of a new non governmental Institute on International Security. But Takeshita could Surprise his critics. The majority of people say Nakasone will be very influential but i Don 1 think so said Yoichi Mas Zoe assistant professor of politics at Tokyo University. Takeshita is Clever enough to just superficially re Spect Nakasone Mas Zoe said Tittle by Little take Shita will impose his style and that will be entirely  record jaws uht Blind Australia shirk Hunter Vic Hotop Banci mile with i trophy at mob one. He Cunt Fig i world record for the Lurk he aught near a bind. The shirk b about 8 Jim old b More than 10 fret imn us a feb about in too. If of str thin lie boat fam which it is aught. Australia reports French nuclear test in s. Pacific Canberra Australia up France has tested its ssh underground nuclear bomb ill the muru Roa atoll in the South Pacific and its Power was nearly twice thai of the atomic bomb dropped on Hiroshima Japan the australian government said Friday. Foreign affairs minister Bill Hayden said the lest which he condemned in the strongest possible terms was carried out thursday and had a yield of 35 Kilotons. Hayden said the blast was monitored by the austra Lian seismological Center. France has a policy of neither to confirm nor deny it conducted nuclear tests. It was France s sixth nuclear explosion in 1987, after a 50-Kiloton lest Al the atoll on oct. 24, the largest Al Pic site in two years. Muru Roa atoll part of France s South Pacific Terri tories and located 3,000 Miles Northeast of new Zea land s capital of Wellington has been used by France As a testing site since 1975, Australia and new zealand have repeatedly condemned the tests for violating the principles of the South Pacific nuclear free zone treaty which France refuses to recognize Hayden said Australia and new zealand Are both lobbying he . General Assembly on the urgent nerd for a comprehensive test ban treaty that would end All nuclear explosions in All environments for All  German Central Bank rejects to Cut discount rate Frankfurt up West Germany s Central Bank thursday towered two Short term interest rates but with stood International pressure to lower in bellwether Dis count rate to stimulate the nation s Economy. Alter a meeting of its decision making Central Bank Council attended by finance minister Gerhard stollen Borg die Bundesbank announced the discount rate will remain Al 3 percent but the Lombard rate win be Cut to 4.5 percent from 5 percent effective Friday and the repurchase agreement rate will be lowered to 3.5 percent for the coming week. In Switzerland the Swiss National Bank did Cut its discount rate reducing it to 4.5 percent from s per cent and it reduced in Lombard Rale to 3 percent from 3.5 percent effective Friday. The Bank of France however reportedly coordinating with the German Central Bank raised Short term rates. The discount rate which acts As a guideline for most Domestic borrowing is the Rale at which Banks can borrow from the Central Bank for Short periods using government securities for collateral. It is considered one of the most important rates Central Banks can use to influence the Economy. The Lombard rate to which the Money Market Call rate is pegged i the Rale it which the Central Bank acts As Lender of the it resort to Iro Ooth out Money mar Ket aberrations at he end of each Molob. The Rale charged do repurchase agreements through which the Central Bank provides Money to lire West German financial system by buying government securities and Selling them Back Al a specified later Date was set at 3.8 percent two weeks ago and 3.85 percent Early East month. . Treasury Secretary James Baker criticized West Germany for allowing that rat to Rise and his comments were one of the factors to which the mid october Slock Market plunge was attribute there had been speculation that the Bundesbank might relax in cautious monetary policy and lower in Benchmark discount rate by 0.5 percent in response to demands from the United states and other countries that West Germany increase Domestic consumption and imports recent reports have indicated West Germany s Economy is weak. Earlier in the week the govern ment s september figure showed Industrial Oul putdown 3.6 percent Ana new manufacturing orders off 4. 3  Dollar s dramatic decline against the West Ger Man Mark had increased the  discount rate and the Little used Lombard Rale both Wen last lowered in january. The discount Rale was Cut from 3.5 percent to 3 percent and the Lombard rate from s.5 percent to s percent. World today ancient treasure found in sealed mansion room Bangalore India a a Dusty room sealed for a decade because a hindu Snake god was thought to reside there has yielded a treasure trove of Gold and coins dating As far Back As the 14lh Century a newspaper said Friday. The deccan Herald newspaper said More than 3,000 coins a Golden Crown and other Antiques were found in two trunks locked in a room or a huh Century no ble s mansion in Yelander 8s Miles Southwest of  House belonged to Dewan poo muh who died in 1812 after serving As prime minister 10 the Tahara Jah of  sealed room was opened Al the request of a school thai recently look Over the mansion. Britain cuts Airport flights to reduce noise at night London a the government Friday Laid it was cutting the number of night Flig Hli from London s Heathrow Airport because of complaints about sleep disturbing noise. In a Fri  Svaicr nuni to the House of commons transportation Secretary Paul Channon said the num Ber of planes allowed to Lake off from Heathrow a Wolfgang Roth the economic expert of the Opp ii be lion social democrats called the Bank s action thurs night will be Cut from 3,650 to 2.7jo during the Peak Day  he said the Bank should have Cut summer season and from 3,Iso to 3,000 at other Balf hearted. The discount rate. Times