Japan Urges U.S. to End Deadlock as Aso Keeps Calm on Treasuries
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Japanese Finance Minister Taro Aso said it was up to the U.S. to resolve its debt impasse, not for Japan to fret over its investment in Treasuries, as a deadlock in Washington threatens to trigger a U.S. default.
“This isn’t a problem that can somehow be resolved by us making a lot of noise,” Aso said in an interview on Friday in Washington with Bloomberg TV. “There’s no other way than for the U.S. government itself and the U.S. Congress to make an effort to sort it out. It’s not a matter of what we should do,” Aso, 73, said when asked if Japan needed to look at its asset allocation in U.S. Treasuries.