BOJ Gov Ueda says a US debt default would have a huge impact on global economies

Bank of Japan Governor Ueda

• If US Defaults on its debt, that will undoubtedly have a huge impact on US, Global economies
• A US Debt default could cause market turmoil, will likely affect wide array of financial transactions
• BOJ will strive to maintain market stability, based on pledge it will respond flexibly with an eye on economy, prices, financial developments
• Financial institutions have sufficient collateral, see no problem for in case there is need for emergency fund supply

This dude should focus his thoughts on soaring inflation Read this Term perhaps:

• Japan CPI data comes in well above 3% again, core-core is above 4%

-