Statement by the Minister for Foreign Affairs of Japan on the Agreement to Form a Coalition Government in Greece

June 21, 2012

  1. Japan welcomes the agreement made on Wednesday, June 20, among the parties in Greece to inaugurate a coalition government following the parliamentary elections that occurred in Greece on Sunday, June 17.

  2. The Government of Japan has carefully observed the situation in Greece following its election on Sunday, May 6, as the situation in Greece has a large impact on the global economy, including the Japanese and European economies.

  3. In order to prevent aggravation of the European sovereign debt crisis, the Government of Japan has proactively supported efforts by European nations through purchases of European Financial Stability Facility (EFSF) bonds and through an early announcement to contribute to the increase of the IMF resources, which led to the agreement by other countries to increase the IMF resources.

  4. Japan expects the quick establishment of a stable government of Greece, as well as the rapid advancement of necessary initiatives toward the stabilization of the Greek and European markets under the new government.
    • (*The foregoing is a provisional translation. The date indicated above denotes the date of issue of the original press release in Japanese.)

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