this post was submitted on 19 May 2026
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Economics

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Japan, China lead foreign government retreat from U.S. Treasurys as Gulf War fallout stokes currency fears (www.cnbc.com)
submitted 1 week ago* (last edited 1 week ago) by MicroWave@lemmy.world to c/economics@lemmy.world
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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.

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[–] DarkGamer@fedia.io 3 points 1 week ago

It was nice being the world's fiat which mitigated our inflation, FAFO.