Re: BREAKING: New Jap PM Wants More Independence From US. Quick Buy YEN Quick SELL Al
I think new Jap PM wants to get rid off trillions of US Bonds, T Bills, and derivatives.
Japan is the BIGGEST holder of US Bonds and T Bills.
If so, BYE BYE (not buy buy) US and all its economic allies.
The real global adjustment has just begun.
No one can resolve this global inbalance problem for so many years,and it allowed the Asian tiogers to proclaim victory.
With an independent Japanese government,Uncle Sam would have to work harder and spend less,or not spend at all if Japen truly get rid of all US holding.
USA would then be able to cut down its major problem,the twin deficit,and return it to normacy.
Who should cry,yes,I think it is Asian tigers,including our brilliant MM LKY.