30 Jun '12, 10am

Japan economy faces same risks as Europe: PM Noda

Japan economy faces same risks as Europe: PM Noda

Japan faces the same risks that plague financially-embattled European states, Prime Minister Yoshihiko Noda warned on Saturday, days after he pushed through a divisive tax bill to chip away at the country's mountainous debt. -- PHOTO: REUTERS TOKYO (AFP) - Japan faces the same risks that plague financially-embattled European states, Prime Minister Yoshihiko Noda warned on Saturday, days after he pushed through a divisive tax bill to chip away at the country's mountainous debt. Mr Noda's statement comes a day after leaders from the 17 countries sharing the euro struck a deal to direct emergency measures at Italy and Spain and boost the ailing economy. 'Countries like Italy and Spain have made desperate efforts' towards financial recovery, Mr Noda said. 'But once markets start looking into a country's fiscal condition and considers its government has no ability to enforce di...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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