POPA ReconJapan just sold $87.8B of foreign securities in a single month, and most of it was US government debt.
Japan just sold $87.8B of foreign securities in a single month, and most of it was US government debt. Japan is the biggest foreign lender America has. So why is Bitcoin up 25% over the past month, while the US' largest bond buyer was selling? Japan's Ministry of Finance spent ¥15.4T ($98.66B) buying its own currency between July 30 and August 26, the largest monthly intervention in the country's history. The yen had slid to 164 per dollar, its weakest level since 1986. Buying yen means spending dollars, and Japan's dollars sit in US Treasury bonds, roughly 70% of a $1.2T reserve pile. Tha…
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