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The ruling Liberal Democratic Party’s special committee on the tobacco and salt industry endorsed a Finance Ministry proposal Tuesday to cut the government’s mandatory stake in Japan Tobacco Inc. to 50 percent from the current 66.7 percent in fiscal 2002 or later, LDP officials said.

With the LDP’s approval, the ministry is expected to submit to the regular Diet session starting next month an amendment to the law mandating the size of the governmental stake in the former tobacco monopoly, they said.

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