Japan may help Greece

Greece's debt crisis became a separate topic for Japan. Sunrise said the country consider themselves to help the global plan to help Greece."Japan says to consider self-help global plan to help the Greek"
According to AP and AFP on Tuesday (09/27/2011), Japan, through the Minister of Finance in June Azumi also said the countries based on the euro currency need to develop a rational plan to ease the pressure of the global economy. "If there is a scheme which can be based on the firm, including a number of funds that makes sense and can give to the world and the marketplace, a sentiment-related security assistance to Greece, I did not rule out a number of Japan will share the burden," said Azumi.Azumi's comments came a day after the index on the Tokyo Stock Exchange, the Nikkei 225, fell to its lowest level in two and a half years amid fears of debt crisis in the European countries could hamper growth.However on Tuesday, September 27, 2011, the Nikkei back up. It became evident the current market flexibility.
Meanwhile, analysts said Japan's willingness to consider participation in helping the Greek crisis sourced from Japan's desire to ensure stability in the European region.
Europe, in truth is a major market for Japanese exports. Departing from that awareness, there is a concern if the solution to the debt crisis of Greece could not be solved, it will affect the growth and demand for Japanese products. "If the economic turmoil spread from Europe to other parts of the world, Japan will not be immune," said Masaaki Kanno of JP Morgan.
The growing uncertainty in Europe will also make the investors back into the currencies that are usually safe, such as the yen. It can lead to the strengthening Japanese currency over the U.S. dollar and euro. In turn, it would make Japanese products more expensive. Consequently, it makes less profit when they exchange foreign currencies into yen.
Kano Massaki also said the drop in Tokyo shares that can be damaging economies continue Japan. "Japanese banks and insurance companies are major investors in the stock market and if the Nikkei continues to fall then the market will bring the financial system into chaos," Kano said.Governments of the countries with the euro currency is still continuing discussions in order to find the best way to stop the Greek crisis spread to Europe.