Reuters: US Dollar Report: Japan econmin urges U.S. to resolve fiscal standoff

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Japan econmin urges U.S. to resolve fiscal standoff Oct 11th 2013, 03:17 TOKYO | Thu Oct 10, 2013 11:17pm EDT TOKYO Oct 11 (Reuters) - Japanese Economics Minister Akira Amari on Friday urged U.S. politicians to resolve the fiscal impasse with a sense of responsibility as the world's largest economy. Amari told reporters that if the impasse is to persist, the United States may default on its debt, an outcome which is unthinkable even in developing countries. U.S. Republicans offered a plan to President Barack Obama on Thursday that would postpone a possible U.S. default in a sign that the two sides may be moving to end the deadlock. No deal emerged from a 90-minute meeting at the White House, but the two sides said they would continue to talk. It was the first sign of a thaw in a political squabbling that has weighed on financial markets and knocked hundreds of thousands of U.S. federal employees out of work.

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