• Kyodo

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Japan may lend around $60 billion to the International Monetary Fund as an emergency step to bolster a global financial firewall set up to prevent the sovereign debt crisis in Europe from spreading, a government official said Sunday.

Tokyo is in talks with key members of the IMF, such as China and European nations, to finalize contributions to the multilateral lender before the Group of 20 finance chiefs’ meeting later this week in Washington.

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