Japan crisis can't get any worse says fund manager

Alarm bells sounded this week when Japan's finance minister, Kiichi Miyazawa, declared the nation's public finances were 'abnormal' and could collapse under the strain of national debt. Despite this alarmingly frank appraisal of the nation's fiscal health, onlookers are urging for calm and say there is no reason to pull out investments. Miyazawa's comments encouraged Japan's currency to slump to a 19-month low as it worsened to more than 120 yen to the dollar. Furthermore, Japan is seen to have few policy options available, as interest rates are already very low and the government ...