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Japanese Finance Minister Sees Trust in U.S. Debt as 'Unshakable'
Thursday, 11 June 2009 23:50:14 GMT
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Japan will continue to trust the credit of the U.S. Government, said the Asian country's Finance Minister Kaoru Yosano in an interview in Tokyo today. He also renewed his belief in the U.S.' strong-dollar stance. "We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental" hence "our trust in U.S. Treasuries is absolutely unshakable," he said. The news may come as a relief to bond traders as speculation that the Federal Reserve's quantitative easing policy would cause the Dollar to plummet and thus make the government's debt repayments worth less.
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