• Compiled From Kyodo, Bloomberg

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The government welcomed on Monday the U.S. bailout plan of troubled mortgage finance giants Fannie Mae and Freddie Mac, saying the measure is expected to help stabilize the financial markets.

“We welcome the plan as an appropriate measure, as it is believed to contribute to stabilizing the financial markets and help facilitate the U.S. housing market,” Chief Cabinet Secretary Nobutaka Machimura told a news conference.

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