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Moving on Prime Minister Ryutaro Hashimoto’s orders, the Liberal Democratic Party has begun a wild scramble to devise measures, including possible infusion of public money, to drive away fears of financial instability.

These confidence-boosting steps are to be included in the LDP’s third round of economic stimulus measures expected around Dec. 10, as doubts over banks’ creditworthiness and increasingly cautious lending are seen as key factors behind the sagging economy.

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