this post was submitted on 22 Jun 2024
88 points (90.7% liked)

World News

2245 readers
120 users here now

founded 4 years ago
MODERATORS
muad_dibber@lemmygrad.ml
sovietsnake@lemmygrad.ml
ksynwa@lemmygrad.ml
88
LMAO Japan Dumps $63 Billion Worth U.S. Bonds (watcher.guru)
submitted 3 months ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml
27 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] chesmotorcycle@lemmygrad.ml 49 points 3 months ago (2 children)

After BRICS, Japan is now dumping U.S. bonds and mitigating the losses it incurred from adverse interest rate bets. The latest data shows Japan has offloaded $63 billion worth of U.S. and European sovereign bonds by March 2024. The U.S. bonds sale represents nearly one-sixth of the Central Bank of Japan’s portfolio.

Japan is following in the footsteps of the BRICS alliance, which has been dumping U.S. Treasury bonds for more than a year. Offloading the bonds was the only way for Japan to reduce their losses on the interest rate cut bets.

Freakin emphasis freakin added.

[–] chesmotorcycle@lemmygrad.ml 32 points 3 months ago (1 children)

The article explains later that Japan expected the US Federal Reserve to cut interest rates much sooner. But that hasn't happened, hence the need to sell.

[–] ClimateChangeAnxiety@hexbear.net 46 points 3 months ago* (last edited 3 months ago) (3 children)

Critical support to the Federal Reserve in their apparent quest to destroy the United States

Like I feel like everyone, both pro-capitalist and anti, have been screaming for months that they need to lower interest rates because it’s ruining everything and they simply refuse

[–] coolusername@lemmy.ml 22 points 3 months ago (2 children)

It's because inflation isn't under control. I've been waiting for this moment to come for a while.

[–] ClimateChangeAnxiety@hexbear.net 18 points 3 months ago* (last edited 3 months ago)

Which to me seems to say “High interest rates have little impact on inflation and if anything make it worse” but I’m a scientist not an economist so I like to make decisions based on observable reality instead of vibes

[–] Idliketothinkimsmart@lemmygrad.ml 4 points 3 months ago

More countries dumping US bonds = higher inflation?

[–] lorty@lemmygrad.ml 20 points 3 months ago

The rentism economy is here

[–] 666@lemmygrad.ml 18 points 3 months ago

I say raise them further sicko yes

[–] yogthos@lemmygrad.ml 30 points 3 months ago

yeah this is huge