September 27, Japan’s Finance Minister Jun Azumi, said Japan is ready to help Greece, possibly by buying more Greek government bonds.

However, Japan is a little cash strapped itself and is hoping the Europeans do something quick, to turn around the collapsing European economy. The reason; Japan’s car industry is relying on a European, as well as U.S., economic recovery.

Chairman Toshiyuki Shiga, of the Japan Automobile Manufacturers Association, said that the falling value of the Euro, and the U.S. dollar, is driving up the value of the Japanese yen, which is making Japanese cars to expensive to sell.

Most of Japan’s national income is made by selling products to other countries (exports), and since the March 11 disasters the yen has been going up in value causing huge drops in demand for Japanese products.

Japan is hoping to see the Euro and U.S. dollar go up in value, which would make Japanese products more affordable on the world market.