LMAO Japan Dumps $63 Billion Worth U.S. Bonds (watcher.guru)

submitted 4 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[-] chesmotorcycle@lemmygrad.ml 49 points 4 months ago

After BRICS, Japan is now dumping U.S. bonds and mitigating the losses it incurred from adverse interest rate bets. The latest data shows Japan has offloaded $63 billion worth of U.S. and European sovereign bonds by March 2024. The U.S. bonds sale represents nearly one-sixth of the Central Bank of Japan’s portfolio.

Japan is following in the footsteps of the BRICS alliance, which has been dumping U.S. Treasury bonds for more than a year. Offloading the bonds was the only way for Japan to reduce their losses on the interest rate cut bets.

Freakin emphasis freakin added.

[-] chesmotorcycle@lemmygrad.ml 32 points 4 months ago

The article explains later that Japan expected the US Federal Reserve to cut interest rates much sooner. But that hasn't happened, hence the need to sell.

[-] ClimateChangeAnxiety@hexbear.net 46 points 4 months ago* (last edited 4 months ago)

Critical support to the Federal Reserve in their apparent quest to destroy the United States

Like I feel like everyone, both pro-capitalist and anti, have been screaming for months that they need to lower interest rates because it’s ruining everything and they simply refuse

[-] coolusername@lemmy.ml 22 points 4 months ago

It's because inflation isn't under control. I've been waiting for this moment to come for a while.

[-] ClimateChangeAnxiety@hexbear.net 18 points 4 months ago* (last edited 4 months ago)

Which to me seems to say “High interest rates have little impact on inflation and if anything make it worse” but I’m a scientist not an economist so I like to make decisions based on observable reality instead of vibes