Finance standoff means Japanese government could 'run out of money' by October

In a crisis that echoes ones felt by other countries like the U.S. and Greece, all state spending - including salaries, pensions and unemployment benefits - could be halted if no solution is found.

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Japan urges for early forming of stable administration in Greece

The Japanese government on Monday called for an early formation of a stable Greek administration after the crucial parliamentary election in Greece on Sunday.