Japan PM Naoto Kan Warns of 'Collapse' Under Debt Pile
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Japan PM Naoto Kan Warns of ‘Collapse’ Under Debt Pile
Japan is at “risk of collapse” under its huge debt mountain, the country’s new prime minister has said.
Naoto Kan, in his first major speech since taking over, said Japan needed a financial restructuring to avert a Greece-style crisis.
“Our country’s outstanding public debt is huge… our public finances have become the worst of any developed country,” he said.
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