Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22
The Exchange
00:00
What's the Implication, Peter?
The Japanese used to own $1.3 trillion of US treasuries going into this year. That pile has now been reduced by about 250 billion. And foreign central banks have been a net seller of USTreasury this year. So you have them selling, you have the Fed, not buying more, maybe selling. In other words, like a lot of banks selling less too.
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