Japan Noda: US Treasuries still attractive to Japan

TOKYO, April 19 Tue Apr 19, 2011 1:37am BST

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TOKYO, April 19 (Reuters) - - Japanese Finance Minister Yoshihiko Noda said on Tuesday that U.S. Treasuries were still an attractive investment for Japan despite news that ratings agency Standard & Poor's cut the U.S. credit outlook due to concerns about the rising federal budget deficit.

"The United States is tackling fiscal issues in various ways, so I think U.S. Treasuries are basically an attractive product for us," Noda told a news conference after a cabinet meeting.

He added that Japan must continue to convey its stance on adhering to fiscal discipline. (Reporting by Tetsushi Kajimoto; Editing by Edmund Klamann)

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