Japanese prime minister Naoto Kan, warned yesterday that his country might be facing debt crisis just like Greece, if Japan won’t urgently manage it’s ever growing debt. Kan, in his first address since entering the prime minister role this last Tuesday, said that Japan can’t afford letting its national debt grow.
Kan, the sixth prime minister in the last 4 years, had promised that the government together with the Japan’s national bank, will work together to prevent such crisis. Kan said that the government is aiming to focus on developing an extensive but stable financial policy . He also added that the government will consider tax raising, a step which according to him, previous governments were afraid of performing.
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