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The government should be more flexible in leasing or selling state property to help reduce huge fiscal deficits, an advisory panel to the finance minister proposed Friday.

The proposal, made by the Central National Property Council, paves the way for the sale of unused and other plots of land owned by the state. The land, which totals 15 sq. km, has a book value of 1.63 trillion yen as of March 31, 1997.

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