BASEL, Sept 8 (Reuters) - Bank of Japan governor Masaaki Shirakawa said on Monday Japan expected Washington's moves to bail out mortgage finance firms Fannie Mae and Freddie Mac would help stabilise the U.S. and global financial market.
"We welcome the moves by the U.S. authorities. We expect the action would lead to stabilise the U.S. MBS (Mortgage-Backed Securities) market, financial market and the international financial market," Shirakawa told reporters. The U.S. government seized control of the two mortgage firms on Sunday, launching what could be its biggest bailout ever in U.S. history to support the domestic housing market and ward off more global financial market turbulence. (Reporting by Natsuko Waki)
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