TOKYO: Japanese Economics Minister Akira Amari on Friday urged US 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, theUnited States may default on its debt, an outcome which is unthinkable even in developing countries.
US Republicans offered a plan to President Barack Obama on Thursday that would postpone a possible US 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 US federal employees out of work.
Amari told reporters that if the impasse is to persist, theUnited States may default on its debt, an outcome which is unthinkable even in developing countries.
US Republicans offered a plan to President Barack Obama on Thursday that would postpone a possible US 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 US federal employees out of work.
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