When I saw Heritage, my response flipped to NOPE. But I thought, charitably, hey give 'em a chance. LoL, NO. The 3rd take away point "cut spending" is right out of austerity thinking, which has been disproven. Buncha cranks. Spending without taxation to back it up, sure that's problematic. And so is cutting spending 'will he, nill he'. Funny how they never talk about cutting military spending. smh.

[–] yogthos@lemmy.ml 10 points 3 months ago

https://www.cnbc.com/2024/07/31/boj-raises-benchmark-interest-rate-outlines-roadmap-for-trimming-bond-buying-program.html

[–] onlooker@lemmy.ml 1 points 3 months ago (1 children)

I'm out of the loop. What did HF do to make you not take them seriously?

[–] BearGun@ttrpg.network 6 points 3 months ago (1 children)

It's a right-wing think tank who, among many other things, are the architects of project 2025.

[–] onlooker@lemmy.ml 4 points 3 months ago

Ah, enough said. Thanks.

[–] freagle@lemmygrad.ml 16 points 3 months ago

$400Bn is nothing in the USA, honestly. Japan could fire sale it all, which it won't, and in the worst case American actors will buy it all up and the market blip will be over in a single day. Someone will make good money on short sales, though.

[–] The_Jewish_Cuban@hexbear.net 13 points 3 months ago (3 children)

Japan should just try communism. I hear it works great and then you can cozy up with your neighbors of Russia and China.

[–] LarkinDePark@lemmygrad.ml 7 points 3 months ago

Can't really be communist and think you're the supreme race at the same time though.

[–] OurToothbrush@lemmy.ml 5 points 3 months ago* (last edited 3 months ago) (1 children)

A Japanese communist movement literally tried, they were put down by fascists.

Also Russia isn't communist lol

[–] The_Jewish_Cuban@hexbear.net 2 points 3 months ago

I just mean it'll give them access to this block. I don't think liberals in Japan will jump ship with the west

[–] dirtybeerglass@hexbear.net 13 points 3 months ago

Hmmmm…..interesting……yes….something something……absolutely fascinating……so, rich people money……blah blah blah is …..at risk, it says and… something something……no solution…..unless ….. they take money from poor people”

[–] PanArab@lemmy.ml 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.

[–] verstra@programming.dev 1 points 3 months ago (1 children)

Can someone ELI5?

[–] yogthos@lemmy.ml 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.

[–] verstra@programming.dev 4 points 3 months ago

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

[–] LemmyHead@lemmy.ml 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