BoJ's Kuroda says does not expect U.S. to default
NEW YORK Oct 10 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Thursday that he does not expect the United States to default on its debt.
The U.S. government is expected to hit its borrowing limit by Oct. 17 but a divided Congress might prove unable to raise that ceiling. That, in turn, raises the specter of a default.
Kuroda, speaking at the Council on Foreign Relations before attending weekend meetings of the International Monetary Fund and World Bank in Washington, also said the Bank of Japan would do whatever necessary to achieve its 2 percent inflation goal.
"But at this stage the economy is on track, and I don't think I should say anything concrete about potential, possible measures," he added.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- Pope Francis named Time's Person of the Year
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls