Word: senderos
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This can work. When the Catholic Church or APRA offers itself as a viable political option, Senderistas run scared. (Actually, that's not entirely true. Sendero has also been known to react by shooting nuns...
...Fujimoro may have a repeat of 1968 in mind--pull a putsch, but don't behave like a putschist. Such progressive authoritarianism is sort of like smoking a joint but not inhaling. Bad idea. Fujimoro's best bet against Sendero is U.S. support (if Bush were wise, he'd think about debt relief instead of just throwing aid dollars into Peru), and Peruvian popular support...
Both will evaporate in some haste if Fujimoro goes authoritarian. Instead of a dictatorship--even a humane one, if that's what he has in mind--he ought to think in terms of presenting himself as an alternative to Sendero...
...expects to gain any support, Fujimoro's military should stop doing stupid and brutal things to Peruvians. Fujimoro may also have been forced into this by the military, who have gained power in the struggle with Sendero. In other words, returning to democracy, fragile as it is, may be a tall order...
...ultimately, that is what must be done. Only a government with legitimacy--a Peruvian oddity--can stand up to Sendero and the poverty and desperation it feeds...