Japan Considering Y4 Tln Contribution To Expanded IMF Crisis Fund

Japan's government is considering contributing about Y4 trillion, or $50 billion, to a planned $500 billion expansion of the International Monetary Fund's resources for dealing with the European debt crisis, the Asahi Shimbun reported in its Thursday morning edition.

Japan wants to first determine what progress is being made by European nations to deal with the crisis, as well as contributions to the IMF planned by other nations, and so doesn't plan to announce how much it will contribute during an upcoming meeting of G-20 finance ministers and central bankers, the report said.

The Group of 20 industrialized and developing nations meeting will take place in Mexico City on Saturday and Sunday.
Euro-zone leaders are scheduled to meet on March 1-2 to discuss the debt crisis.

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