US shutdown vexes China, Japan
Major creditors urge Washington to resolve dispute
[TOKYO] China and Japan, the United States' biggest creditors, are increasingly worried that the US government shutdown and standoff over the debt ceiling could wreak havoc on their trillions of dollars of investments in US Treasury bonds.
Beijing and Tokyo have publicly called on the White House and Congress to resolve the dispute, which could threaten a US debt default as soon as next week, and Asia's two biggest economies are urging Washington to find a solution.
Japanese officials held several emergency telephone conferences with US Treasury Department officials on Monday, Japan's Nikkei newspaper said, citing unnamed sources.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story