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TOKYO, Sept 9 — The Japanese government said on Thursday it would turn down about 52,000 applications received a day earlier under its cash-for-clunkers programme after hitting the budgeted amount for the subsidies.The government had allocated 583.7 billion yen (Rm21.6 billion) to encourage consumers to scrap cars 13 years old and older in favour ... Read more at http://www.themalaysianinsider.com/business/article/japan-to-turn-down-52000-car-subsidy-requests/