The push for securitizing state assets in Japan grew stronger last week when the DIET - Japan's highest legislative body - approved the government's economic policy guideline for 2006, designed to eliminate its fiscal deficit over the next few years.

Aside from reducing spending and raising consumption tax, the guidelines advise the government raise as much as 140 trillion ($1.2 trillion) by the end of fiscal 2015 through securitization of loans and real estate.

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