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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish ·
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10 months ago

Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances.

www.cnbc.com

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Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances.

www.cnbc.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish ·
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10 months ago
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Bank of Japan raises benchmark interest rate, outlines roadmap for trimming bond buying program
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The central bank said that it will reduce the monthly outright purchases of JGBs to about 3 trillion yen per month in the January to March 2026 quarter.
  • CyberSyndicalist [none/use name]@hexbear.net
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    10 months ago

    I’m not going to take anything the Heritage Foundation says seriously

    • Atelopus-zeteki@kbin.run
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      10 months ago

      When I saw Heritage, my response flipped to NOPE. But I thought, charitably, hey give 'em a chance. LoL, NO. The 3rd take away point “cut spending” is right out of austerity thinking, which has been disproven. Buncha cranks. Spending without taxation to back it up, sure that’s problematic. And so is cutting spending ‘will he, nill he’. Funny how they never talk about cutting military spending. smh.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      10 months ago

      https://www.cnbc.com/2024/07/31/boj-raises-benchmark-interest-rate-outlines-roadmap-for-trimming-bond-buying-program.html

    • onlooker@lemmy.ml
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      10 months ago

      I’m out of the loop. What did HF do to make you not take them seriously?

      • BearGun@ttrpg.network
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        10 months ago

        It’s a right-wing think tank who, among many other things, are the architects of project 2025.

        • onlooker@lemmy.ml
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          10 months ago

          Ah, enough said. Thanks.

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