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.
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.
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
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
Freakin emphasis freakin added.
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.
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
It’s because inflation isn’t under control. I’ve been waiting for this moment to come for a while.
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
More countries dumping US bonds = higher inflation?
The rentism economy is here
I say raise them further
yeah this is huge