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Investment in securitized products based on property deals plunged 65.4 percent in fiscal 2008 as the real estate market got crunched by the global financial crisis, the government said Tuesday.

Investment came to about ¥3.08 trillion in the fiscal year ended in March, down sharply from the record ¥8.88 trillion logged the previous year, the Land, Infrastructure, Transport and Tourism Ministry said in its latest white paper on land and property.

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