▲ 43 ▼ Japan, China lead foreign government retreat from U.S. Treasurys as Gulf War fallout stokes currency fears (www.cnbc.com) submitted 5 months ago by MicroWave@lemmy.world to c/economics@lemmy.world 1 comment fedilink hide all child comments KEY POINTS China reduced its stash of Treasury to $652.3 billion, the lowest level since September 2008. Japan, the single largest foreign holder, shed approximately $47 billion to $1.191 trillion. The U.S.-Iran conflict and a subsequent surge in crude oil prices sent currencies tumbling. China has been gradually reducing its direct Treasury exposure since its peak in 2013, “shadow holding” in custodial countries.
[–] DarkGamer@fedia.io 3 points 5 months ago It was nice being the world's fiat which mitigated our inflation, FAFO. permalink fedilink source