Japan needs to play a more prominent role in helping its Asian neighbors out of their current financial crisis, the head of the German universal bank Commerzbank said Thursday in Tokyo.

Martin Kohlhaussen, chairman of the bank’s board, said that while he understands Japan needs to fix its own economy, this “cannot be an excuse” to remain outside the restructuring efforts of other Asian nations. “A spillover (into other countries) must be avoided,” Kohlhaussen warned. “If not, the repercussions for the global community will be much greater” and will go beyond the financial world.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.