Japan is prepared to purchase over 20% of bonds that Euro-zone countries will be jointly issuing with the purpose of defusing tension and propping confidence in the Euro given the presistence of the European sovereign debt crisis, Finance Minister Yoshihiko Noda said on Tuesday in Tokyo. Read full article
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Disclaimer & comment rulesJapan's attempts at emulating China is ridiculous considering that its own government debt is over 200% of GDP - 10 times more than China's. Japan better prepare for the future by reducing its own debt and budget deficit instead of pretending it's well off enough to worry about Europe.
Jan 12th, 2011 - 12:22 pm - Link - Report abuse 0Commenting for this story is now closed.
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