The government said Tuesday it will formulate before the end of the year a basic policy on turning the stagnant industrial sector around.
The policy will include guidelines on which bad loans should be bought from banks by a new industrial revitalization body.
The schedule was agreed on during the first meeting of a new task force charged with studying ways to revitalize the debt-laden sector and worsening employment situation, Chief Cabinet Secretary Yasuo Fukuda said.
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