Japanese Finance Minister Yoshihiko Noda said on Tuesday that U.S. Treasuries were still an attractive investment for Japan despite news that ratings agency Standard & Poor's cut the U.S. credit outlook due to concerns about the rising federal budget deficit.

The United States is tackling fiscal issues in various ways, so I think U.S. Treasuries are basically an attractive product for us, Noda told a news conference after a cabinet meeting.

He added that Japan must continue to convey its stance on adhering to fiscal discipline.

(Reporting by Tetsushi Kajimoto; Editing by Edmund Klamann)