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President Biden Welcomes Nation

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

Utah Governor Spencer Cox (R-UT), Chairman of the National Governors Association delivers remarks as President Joe Biden, Vice President Kamala Harris, and Colorado Governor Jared Polis (D-CO), Vice Chairman of the National Governors Association, look on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

Utah Governor Spencer Cox (R-UT), Chairman of the National Governors Association delivers remarks as Vice President Kamala Harris looks on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

Neera Tanden, Assistant to the President & Domestic Policy Advisor attends the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

New York Governor Kathy Hochul (D-NY) speaks with Maryland Governor Wes Moore (R-MD) during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

New York Governor Kathy Hochul (D-NY) speaks with Kentucky Governor Andy Beshear (R-KY) during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

Secretary of Homeland Security Alejandro Mayorkas (L), speaks with California Governor Gavin Newson (R-CA) during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

Neera Tanden, Assistant to the President & Domestic Policy Advisor attends the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

Vice President Kamala Harris delivers remarks as President Joe Biden looks on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

Vice President Kamala Harris delivers remarks as President Joe Biden looks on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

Vice President Kamala Harris delivers remarks as President Joe Biden, Colorado Governor Jared Polis (D-CO), Vice Chairman of the National Governors Association, and Utah Governor Spencer Cox (R-UT), Chairman of the National Governors Association, look on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

Colorado Governor Jared Polis (D-CO), Vice Chairman of the National Governors Association, delivers remarks as President Joe Biden, Vice President Kamala Harris, and Utah Governor Spencer Cox (R-UT), Chairman of the National Governors Association, listen on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

Colorado Governor Jared Polis (D-CO), Vice Chairman of the National Governors Association, delivers remarks as President Joe Biden and Vice President Kamala Harris listen on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

Colorado Governor Jared Polis (D-CO) delivers remarks as President Joe Biden and Vice President Kamala Harris listen on during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

First Lady Dr. Jill Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation’s Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nation

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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President Biden Welcomes Nations Governors

President Joe Biden delivers remarks during the National Governors Association Winter Meeting in the East Room of the White House on Friday, Feb. 23, 2024. The Biden administration announced on February 21 that some 150,000 borrowers will receive a cumulative $1.2 billion in student-debt forgiveness under the income-driven repayment program known as SAVE. Photo by Leigh Vogel/Pool/ABACAPRESS.COM

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Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - Photo taken on Sept 25, 2023 shows a newly built property in Hangzhou, East China's Zhejiang province. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

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Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - Photo taken on Sept 25, 2023 shows a newly built property in Hangzhou, East China's Zhejiang province. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

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Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - Photo taken on Sept 25, 2023 shows a newly built property in Hangzhou, East China's Zhejiang province. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

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Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - Photo taken on Sept 25, 2023 shows a newly built property in Hangzhou, East China's Zhejiang province. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

E

Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - Photo taken on Sept 25, 2023 shows a newly built property in Hangzhou, East China's Zhejiang province. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

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Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - A citizen looks at a model of a real estate at a sales center in Hangzhou, east China's Zhejiang province, Sept. 25, 2023. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

E

Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - Photo taken on Sept 25, 2023 shows a newly built property in Hangzhou, East China's Zhejiang province. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

E

Mortgage Rate Cut

HANGZHOU, CHINA - SEPTEMBER 25, 2023 - A citizen looks at a model of a real estate at a sales center in Hangzhou, east China's Zhejiang province, Sept. 25, 2023. According to a notice from the People's Bank of China and the State Financial Regulatory Administration, starting Sept. 25, banks will adjust the interest rates of existing mortgages, that is, mortgages that are in the repayment period. Among them, for the stock of first mortgage interest rates, the bank will take the initiative to adjust the batch, do not require customers to do any operation.

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Egypt extends initiatives to support tourism sector

STORY: Egypt extends initiatives to support tourism sector DATELINE: Dec. 26, 2022 LENGTH: 00:01:12 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt (CBE) 2. various of banks in Egypt STORYLINE: The Central Bank of Egypt (CBE) announced on Sunday that it has extended two initiatives supporting the tourism sector through March 2023. The initiatives were initially set to expire at the end of this year. The first initiative allows companies to obtain loans with a lower interest rate, within which the banks will accept the beneficiaries' requests to delay due repayment to the banks. The initiative was first launched in 2013 and amended in 2021 to support the sector amid the severe impacts of the COVID-19 pandemic. The second initiative that was extended aims to provide retail loans to the sector's workers. During the three-month period, the banks will be required to carry forward the dues on the initiative's beneficiaries, particularly for loans obtained by workers for co

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party leave the floor of the House of Representatives on Nov. 20, 2009. They boycotted the vote at a plenary session on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote.

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Prime Minister Yukio Hatoyama (R) looks sleepy during a plenary session of the House of Representatives on Nov. 20, 2009, before voting on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote. The main opposition Liberal Democratic Party and the smaller opposition New Komeito party boycotted.

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the Democratic Party of Japan and its ruling coalition partners stand during a plenary session of the House of Representatives on Nov. 20, 2009, to pass a bill to encourage lenders to freeze debt repayments by small and midsize companies. Meanwhile, seats of members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party are seen vacant. The members of the opposition parties boycotted the vote by leaving the lower house floor.

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Lower house passes bill on easing repayment terms for firms

TOKYO, Japan - Members of the main opposition Liberal Democratic Party and the smaller opposition New Komeito party leave the floor of the House of Representatives on Nov. 20, 2009. They boycotted the vote at a plenary session on a bill to encourage lenders to freeze debt repayments by small and midsize companies. The lower house passed the bill after the Democratic Party of Japan and its ruling coalition partners forced the vote.

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DPJ steamrolls bill on easing repayment terms for firms

TOKYO, Japan - Members of the House of Representatives Financial Affairs Committee hold a meeting while the main opposition Liberal Democratic Party and a smaller opposition, the New Komeito party, boycotted the vote as well as the panel's hearing on Nov. 19, 2009. The committee passed a bill to encourage lenders to freeze debt repayments for small and midsize companies, making it the first piece of legislation to be steamrolled through the DPJ-controlled chamber.

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Pakistan decides not to ask Japan for debt cancellation

TOKYO, Japan - Pakistani Finance Minister Shaukat Aziz (R) and Prime Minister Junichiro Koizumi pose for pictures prior to their talks in Tokyo on Nov. 1, 2001. Aziz told Koizumi Pakistan has reversed its earlier decision to ask Japan for debt cancellation and will instead seek better conditions and extended repayment period on its outstanding foreign debt.

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Pakistan decides not to ask Japan for debt cancellation

TOKYO, Japan - Japanese Foreign Minister Makiko Tanaka (L) holds talks with Pakistani Finance Minister Shaukat Aziz (R), a special envoy of President Pervez Musharraf, at her ministry in Tokyo on Nov. 1. Aziz said Pakistan has reversed its earlier decision to ask Japan for debt cancellation and will instead seek better conditions and extended repayment periods on its outstanding foreign debt.

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Demonstrators urge rich countries to relieve debt burden

TOKYO, Japan - Demonstrators carrying 1-meter-high Japanese yen signs on their backs stage a ''Drop the Debt'' protest in Tokyo's Kasumigaseki government office district on July 6, urging rich countries to totally forgive the repayment of loans extended to poorer states. The protest took place two days before a meeting of finance ministers from the Group of Seven (G-7) industrial powers in Fukuoka, southwestern Japan.