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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] 3 points 3 months ago* (last edited 3 months ago)

Good. Donald Biden (or Joe Trump) have turned the USD and US debt into a dumpster fire. The sooner other countries dump it the better their finances will be.

[–] [email protected] 1 points 3 months ago

They'd never do it if it'd hurt USA so badly. They rely strongly on them on many fields, including military support

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

Can someone ELI5?

[–] [email protected] 7 points 3 months ago (1 children)

Japanese investors hold a large chunk of US bonds. With the yen rallying against the dollar and US rates being high, they're looking to dump their bonds because otherwise they're going to start losing money on them.

[–] [email protected] 4 points 3 months ago

Oh and the implication is that that could further devalue US bonds. Got ya, thanks.