Advice to Tokyo about that US debt weapon: Use at your own risk

One third of the US debt is held outside the US. Sufficiently for the Japanese Finance Minister to mention the use of this weapon in customs tariff negotiations.

Advice to Tokyo about that US debt weapon: Use at your own risk

Japan’s hint at selling US debt may be a bluff — but pulling the trigger would still mean collaborating with China against America’s position. Japan holds over $1 trillion in United States Treasury debt. Or, in other words, the US owes Japan a trillion dollars, borrowed to fund America’s profligate spending.   Last week, Japan’s finance minister, Katsunobu […] The post Advice to Tokyo about that US debt weapon: Use at your own risk appeared firs…