GO
Loading...

Is the Yen Still a Safe Haven?

Thursday, 17 May 2012 | 5:05 AM ET

Eisuke Sakakibara, Former vice finance minister, Japan, told CNBC, "It is true that Japan has a very high debt ratio however you have to look at the balance sheets, household financial assets are about 240 percent of the GDP which far exceed the government debt of 180 percent of GDP, so we won't have a financial crisis for several years."