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© Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.Some advocate selling U.S. Treasurys for Japan
By Yuri Kageyama TOKYO©2024 GPlusMedia Inc.
6 Comments
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some14some
Ok, go ahead ...it's not a treasure, simply bond papers, bring home few trillion Yens and then....? US$=Y50 ? Clearance Sales 35% off !
ka_chan
If Japan were to sell US treasuries, they would loose money. It would be like buying Pebble Beach for 5Million and then a few years latter selling it for 1 Million. Oh right, Japan did that just before the real estate boom.
GordonWu
I always had the feeling that Japan is under pressure from US to buy treasuries
TumbleDry
If Japan and China wants to keep the US as their economic locomotive, they kind of have to.
Laguna
The vast majority of t-bills are held by private institutions, and whatever mix of investments they choose is their business; the government has no say in the matter. Also, they wouldn't necessarily need to sell; just don't roll them over at maturity.
Tempest in a teapot.
Einherjar
TumbleDry:
If you continue to extend credit to someone who will not be able to pay you back, in order to sell stuff to him, you are in reality only giving away stuff.
Laguna:
The Japanese central bank holds a significant amount of treasuries, I agree that private investors are accountable for their own investments.
In a sane world the Japanese would float the yen freely, prohibit the central bank from intervening in the currency market, and sell off most of its foreign exchange holdings.