According to Japan’s bank officials, recently announced that US and European debt had increased the country’s worries as a result of which, they failed to recover from the shock of the deadly disasters- earthquake and tsunami.

The reports further claimed that due to the towering yen threats, the Country’s companies were not able to earn any profits because they were not able to import the products.

Seeing the mount in the economic crisis, the authorities claimed that government with the help of bank official would be making new effective monetary policies.

However, after the monetary plans, Naoto Kan, Japan’s Prime Minister accounted that they strongly needed the Bank of Japan (BOJ) to assist them in their financial strategy, so that they could quickly overcome from the current crisis.

He added, “We are paying particular attention to the negative impact of the yen's appreciation on the economy, such as a decline in exports and corporate profits, as well as deterioration in business sentiment, under the current conditions where uncertainty is high on the outlook for overseas economies”.

In the mean time, according to other report, analysts claimed that the current crises would force the county’s exporters to shift towards overseas production schemes and as a result of which, the home employment level would also drop.