TOKYO: Japan will consult with the United States before it considers buying more euro zone bonds, raising the stakes for European policymakers under pressure from world leaders to resolve the debt crisis quickly.
Finance Minister Jun Azumi urged Europe to restore market confidence in the run-up to a Group of 20 finance leaders' meeting in Paris this week.
He repeated that Japan stood ready to buy more euro zone bonds so long as Europe comes up with a solid scheme to solve a crisis that has resulted in financial rescues for Greece, Ireland and Portugal.
But on Tuesday Azumi added that Japan would consult with the United States first, which a senior finance ministry official said was to underline the international concern over the crisis.
"The Europeans must first discuss a scheme among themselves. Only then will Japan and the United States consider what proposals can be made.
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