10 Hrs
Source:
الاقتصادية
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Reserve data indicates Japan may sell U.S. bonds to support yen
Japanese Ministry of Finance data showed that Tokyo divested part of its holdings of foreign securities, including U.S. Treasury bonds, amounting to $87.8 billion in August, in order to fund its intervention in the currency market to support the yen. The ministry confirmed that Japan spent a record-high amount of 15.4 trillion yen (equivalent to $98.6 billion), in cooperation with the United States, through direct intervention aimed at reducing pressure on the national currency. Despite this decline, the market still indicates that about 70% of Japan's reserves are held in U.S. Treasury bonds, and valuation changes did not account for the majority of the decrease. The remaining amounts suggest that Japan still possesses significant resources should it need to intervene again, with hints at the possibility of future operations to support the yen despite increasing pressure on the global Treasury market. This is set against the backdrop of Japan's economic stability and tensions in international bond markets.
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