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Tokyo Gov. Shintaro Ishihara’s plan to levy a 3 percent tax on the gross profits of large banks operating in Tokyo is expected to be passed by an overwhelming majority in the metropolitan assembly later this month.
New Komeito’s representatives in the Tokyo Metropolitan Assembly decided on Monday to back the plan, while the Liberal Democratic Party, the largest group in the assembly, also began discussions on supporting any new ordinance, sources said Monday.

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