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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 [email protected] to c/[email protected]

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[–] [email protected] 22 points 3 months ago (1 children)

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

[–] [email protected] 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: