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Japan calls on German ‘central role’ in euro ‘firewall’

Japan called on Germany on Friday to step up and help plug the widening hole in Europe’s finances, saying Berlin should play a leading role in creating a debt "firewall".

Finance Minister Jun Azumi said the continent’s largest economy needed to do more if Europe was to get out of the downward spiral of debt that is threatening to tip the global economy into recession.

"It is important for Germany to (play) a central role in creating a firm funding scheme that we can refer to as a firewall," Azumi told a news conference, Dow Jones newswires reported.

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