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A key Finance Ministry panel will propose next month that the government continue efforts to reform public spending and restore the nation’s fiscal health, despite the contingencies being created by the global economic crisis, government sources said.

The advisory panel to Finance Minister Kaoru Yosano will recommend that Japan keep its goal of curbing the natural increase in social security costs by ¥220 billion annually, said the sources, who declined to be named because the decision has not been formalized.

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