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Japan government to set assumed long-term rate for budget at record low: sources

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TOKYO (Reuters) - Japan's government is finalizing plans to set the assumed long-term interest rate for compiling next fiscal year's budget at 1.1%, government sources said.

That would be a record low level for the fourth straight year, a sign the Bank of Japan's ultra-loose monetary policy is helping keep the cost of financing the country's huge debt pile low.

(Reporting by Takaya Yamaguchi, writing by Leika Kihara)

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