0-brane of type-IIA string theory can be interpreted as a dimensional
reduction of a gravitational wave in 11 dimensions. We observe that a
similar interpretation applies also to the D-instanton background of t
ype-IIB theory: It can be viewed as a reduction (along one spatial and
one timelike direction) of a wave in a 12-dimensional theory. The ins
tanton charge is thus related to a linear momentum in 12 dimensions. T
his suggests that the instanton should play as important a role in typ
e-IIB theory as the 0-brane is supposed to play in type-IIA theory.