TOKYO (AFX-ASIA) - The government is considering cutting its role in the country's financial sector, such as mortgage business, under proposals drawn up by the administrative reform promotion bureau, the Financial Times reported. The government advisory panel has suggested the Housing Loan Corp should stop making any new mortgage loans to consumers, it said. The state-controlled HLC dominates the market and has about 70 trln yen of outstanding loans, with almost 7 trln of new loans made each year.