Japan likely sold Treasurys to fund record yen intervention
Japan likely sold a significant portion of its U.S. Treasury holdings to fund a record-breaking intervention to support the yen. The move follows a monthly record of 15.4 trillion yen spent on currency stabilization.
Why it matters
Large-scale sales of U.S. Treasurys by major holders can impact global bond yields and influence international financial market stability.
Japan likely sold a portion of its holdings of foreign securities, including U.S. Treasurys, to finance its record currency intervention over the past month, despite concern in Washington over the impact of Treasury sales on long-term yields.Tokyo’s holdings of foreign securities fell by $87.8 billion at the end of August from a month earlier, according to Finance Ministry reserve…
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