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Japan hopes Europe will boost rescue mechanism: sources

From reuters.com

Europe can send a positive signal to investors and international partners that it is determined to solve its debt crisis by boosting the total firepower of its rescue mechanism and frontloading its funding, Japanese officials said on Monday. Japan has repeatedly expressed its willingness to help Europe contain its debt crisis, but has also stressed it wanted to see a convincing action plan before making any firm commitments. "Japan like other non-euro countries is prepared to do something, but unless European countries take decisive action it is hard to make those steps effective," a senior Japanese government ... (full story)

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