business

Foreign holdings of U.S. Treasury debt drop in June

5 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

©2024 GPlusMedia Inc.

5 Comments
Login to comment

global demand remains high despite the prolonged battles in Washington over budget deficits.

The debt bugs proved wrong yet again. This statement is proof positive that a) America's debt is perfectly sustainable and should be a non-issue. B) Those politicians need to learn how monetary and fiscal policy work before they engage in actions that needlessly derail the recovery.

-2 ( +0 / -2 )

China, the largest foreign buyer of Treasury debt, trimmed its holdings by 1.7% in June to $1.28 trillion. Japan, the second largest foreign purchaser, cut its holdings by 1.8% to $1.08 trillion.

I've always wondered why people talk about China pulling the strings but never mention Japan.

1 ( +1 / -0 )

Sell Tresuries, buy Gold. then I can retire early.

1 ( +2 / -1 )

I've always wondered why people talk about China pulling the strings but never mention Japan.

Possibility because Japanese loans are very low interest and the US government trusts the Japanese government a lot more than the Chinese government.

0 ( +1 / -1 )

We're at almost 50% unemployment and it took the government four years to pass a budget. Who in their right mind would lend America money? If everything is fine then why are gold, silver, cotton, corn, etc. at record highs?

0 ( +1 / -1 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites