BBC News - Japan PM Naoto Kan warns of 'collapse' under debt pile: "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.
After years of borrowing, Japan's debt is twice its gross domestic product."
Friday, June 11, 2010
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