• Says Japan lack clear fiscal policies to reduce debt.
  • Says Japan faces risks from high levels of public debt.
  • Sees advanced nations average 2012 budget gap at 5.9% of GDP.
  • Sees advanced nations average 2013 budget gap at 4.9% of GDP.
  • Says most countries making headway in narrowing deficits.
  • Global public debt increasing at slower pace.
  • Greek primary deficit to be 1.7% of GDP this year.
  • Greek public debt to be 171% of GDP this year.
  • Greek public dept to peak at 182% of GDP in 2013.
  • Greek fiscal deficit to be 7.5% of GDP this year.
  • Greek fiscal deficit to be 4.7% of GDP in 2013.
  • Italy best placed among developed nations to deal with pension, healthcare challenges.

EUR/USD basically mid-range at 1.2976/78.