Nippon Telegraph & Telephone Corp shares jumped almost 8.5% on Friday on hopes that the government will spend heavily on a major new communications network: Prime Minister Kiichi Miyazawa said on Thursday that an economic stimulus package, widely expected to include funds for a network of high-speed fibre optic cables, would be even larger than 1992’s supplementary budget; if the government steps in with new funding, the state-controlled phone company would likely end up laying the cable and providing services; the project is the one first mooted back in the early 1980s to connect every home and business in Japan.
