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Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances. (www.cnbc.com)
submitted 3 months ago* (last edited 3 months ago) by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
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[-] yogthos@lemmygrad.ml 22 points 3 months ago

Thing is that with the rates staying high and the yen rallying against the dollar, there is a lot of incentive for Japanese funds to dump US bonds. Given the huge amount of US debt that Japan holds, this could indeed be a problem for the US. I thought this was a pretty good dive into the dynamics of it https://youtu.be/2RD6kgz8-1Y

[-] TankieReplyBot@lemmygrad.ml 2 points 3 months ago

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

this post was submitted on 31 Jul 2024
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