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EDITORIAL / Fast action needed on plummeting stocks
Stocks appear to be in free fall.
The key index of the Tokyo Stock Exchange on Monday dropped 486 points
These measures to strengthen financial functions will help stabilize financial systems and prevent banks from becoming overly reluctant to lend. The ruling and opposition parties should cooperate in promptly putting the measures into effect by taking necessary steps such as revising the relevant laws.
The purchasing of stocks held by banks by the Banks' Shareholdings Purchase Corporation with the use of government funds also will be resumed. The Bank of Japan, which …