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A semigovernmental organization for international economic exchanges has proposed formation of a study group involving Japan, the United States and European Union to work out regulatory measures to deal with the global financial crisis.

Policy proposals for solidifying Japan-U.S. relations, whose release was timed to coincide with the inauguration of the new U.S. administration, also call for renewed initiatives by the two governments to restart the long-stalled Doha Round of multilateral trade negotiations under the World Trade Organization.

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