• Kyodo

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U.S. Secretary of State Colin Powell urged Japan on Tuesday to accelerate its economic reforms, including bad-loan disposal, and get its economy on track so it can serve as an engine for global growth, Japanese Ambassador to the U.S. Ryozo Kato said.

Kato, who met Powell for the first time since taking up the post in Washington in late October, told reporters that Powell said the Japanese economy cannot be revived without reforms.

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