Japan's Finance Minister Jun Azumi told media on a news conference on Tuesday that Japanese government is ready to take measures to relieve some of Europe's mounting debts, reports NHK World News.

Minister Azumi expressed willingness to contribute assistance in easing out Greece's stupendous debts if there is an efficient system to assure the international community. According to gathered reports, Japan may possibly purchase Greek government bonds.

As the Eurozone and the United States are also having a slightly hurting economy, the Japanese finance minister is doubtful other European countries will come and rescue Greece. And as Japan's major source of revenues is exports, its own economy is also affected by the international financial threats.

Since the March 11 disaster, its yen's value has been skyrocketing that in turn, makes its own products-- such as cars-- too expensive to sell. There has been a remarkable decline in demand of Japanese products from the international community.

Toshiyuki Shiga, chairman of Japan Automobile Manufacturers Association told media that the plummeting value of the U.S. Dollar and European's Euro is pushing up the value of Japanese yen and which also causes the cars' prices to soar high.

On Tuesday's news conference, Minister Azumi expressed regret that the "doubts" are affecting the currency market and global stocks. He emphasized the urgency for European countries to make additional measures to assist Greece and hoped for the value of Euro and U.S. Dollar to rise as it will also make its own products more affordable in the international market.