Reuters

Japan governments open to compromise to avoid "fiscal cliff"

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Japan's Vice Finance Minister Tsutomu Okubo speaks during an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao

Japan's Vice Finance Minister Tsutomu Okubo speaks during an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao
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Japan's Vice Finance Minister Tsutomu Okubo speaks in front of an electronic board displaying market indices ahead of an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao

Japan's Vice Finance Minister Tsutomu Okubo speaks in front of an electronic board displaying market indices ahead of an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao
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Japan's Vice Finance Minister Tsutomu Okubo speaks during an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao

Japan's Vice Finance Minister Tsutomu Okubo speaks during an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao
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Japan's Vice Finance Minister Tsutomu Okubo speaks during an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao

Japan's Vice Finance Minister Tsutomu Okubo speaks during an interview with Reuters at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao
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Japan's Vice Finance Minister Tsutomu Okubo looks at his computer during a photo opportunity at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao

Japan's Vice Finance Minister Tsutomu Okubo looks at his computer during a photo opportunity at his office in Tokyo November 1, 2012. Japan's government is ready to strike a deal with the opposition to pass a critical bill needed to prevent a severe funding squeeze and it is now up to the opposition to spell out its conditions, Okubo said on Thursday. REUTERS/Yuriko Nakao
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