JAPAN
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From Times Staff and Wire Reports
Government Acts to Revive Property Market: Low-interest loans will be offered to real estate developers buying land in Tokyo, Osaka and Nagoya, the Nihon Keizai newspaper reported. The government will also provide more funding to public housing projects to make it easier for individuals to buy a home, it said. Japanese business leaders are asking for a cut in personal income taxes to stimulate personal spending.
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