Japan may share Greek debt burden

Finance Minister Jun Azumi says he will not rule out Japan sharing some of the burden related to a bailout scheme for Greece, provided Europe maps out a rational plan that can ease market jitters.

Speaking days after meetings of the International Monetary Fund and G20 that were dominated by discussion of Europe’s sovereign debt problems, Azumi urged each country to make efforts to implement what was agreed at a European summit on July 21.

“Each country should respond to the rescue plan by winning approval from their parliaments, and if they need a larger framework, I would consult with (US Treasury Secretary Timothy) Geithner,” Azumi told reporters after a cabinet meeting.

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