BoJ's Kuroda says does not expect U.S. to default

Reuters

NEW YORK, Oct 10 (Reuters) - Bank of Japan Governor HaruhikoKuroda said on Thursday that he does not expect the UnitedStates to default on its debt.

The U.S. government is expected to hit its borrowing limitby Oct. 17 but a divided Congress might prove unable to raisethat ceiling. That, in turn, raises the specter of a default.

Kuroda, speaking at the Council on Foreign Relations beforeattending weekend meetings of the International Monetary Fundand World Bank in Washington, also said the Bank of Japan woulddo whatever necessary to achieve its 2 percent inflation goal.

"But at this stage the economy is on track, and I don'tthink I should say anything concrete about potential, possiblemeasures," he added.

View Comments (0)