Warning American debt, Japan and Korea Responded Coldly

Japanese financial officials Tuesday a negative view of U.S. government debt as reported by the rating agency Standard and Poor’s. Financial officials in South Korea also said that the U.S. fiscal problems do not pose a serious threat to global financial markets except the U.S. financial problems are growing rapidly declining.

Japanese Finance Minister Yoshihiko Noda said at a routine press conference that the U.S. Treasury’s is a product that appeals to Japan basically. Similarly, South Korea’s economy minister Kaoru Yosano said many investors who want to buy Treasury bonds.

In South Korea’s economic policy department told that the domestic market is relatively quiet for the S & P and still in line with Asian markets. In addition, the ownership of U.S. Treasury’s held so small Korean influence by S & P warning. On Monday, the company holds a negative rating on U.S. government debt from stable to be a rising deficit and debt. S & P warned that the U.S. fiscal profile lower than AAA-rated other State if the policy maker cannot handle the budget deficit.

Compared to the major industrialized nations, the U.S. is a country that has the highest debt burden because nearly 200% of annual economic output. Japan has the State bonds of 886 billion U.S. dollars and is a foreign holder of U.S. bonds is second only to the State of china.