JAPAN FUND <JPN> SEEKERS CONFIDENT OF FINANCING The <Sterling Grace Capital Management L.P.> group said it is confident financing can be arranged if The Japan Fund's board recommend's the group's acquisition proposal. The group, which also includes <Anglo American Security Fund L.P.> and T.B. Pickens III, Tuesday proposed an entity it controls acquire for cash all the assets of Japan Fund for 95 pct of the fund's aggregate net asset value. The group said it has had a number of meetings over the past few days with domestic and overseas financial institutions. The Sterling Grace Capital group said certain of these institutions have expressed serious interest in providing financing for the proposed acquisition of Japan Fund, "adding we are reasonably confident that the financing can be quickly arranged if the Japan Fund's board of directors is willing to recommend the transaction to shareholders."