• Kyodo

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The government said Friday it will impose stricter guidelines on the sale of its assets after the discounted sale of state-owned land to a school operator with ties to Prime Minister Shinzo Abe’s wife led to allegations of cronyism.

Finance Minister Taro Aso told a news conference that audit results concluding that an ¥800 million reduction in the sale price to the operator was unjustified should “not be taken lightly” and that the process of selling state assets needs to be made more transparent.

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