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Japan should take measures to stabilize its financial system and stimulate the economy, U.S. Ambassador Thomas Foley urged Monday, stressing that the nation’s economic performance greatly affects Asia and the rest of the world.

His appeal came during a morning meeting with Finance Minister Hiroshi Mitsuzuka. Ministry officials said Mitsuzuka’s response was that Tokyo is studying every possible step to boost its economy and financial sector without abandoning efforts in fiscal consolidation.

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