[IAmBroom]

Wow, you weren't kidding. My impression of the market is outdated!

Japan is facing real inflation in the last 3 years, at rates not seen since the 1990s. https://www.statista.com/statistics/270095/inflation-rate-in...

However, it only owns 3% of US debt; they are the largest non-US holder, but still a marginal holder. Basically, they deseated China for that spot of "Biggest But Still Small US 'Lender'". Both together are dwarfed by pensions, 401ks, and other US buyers and institutions. https://www.visualcapitalist.com/charted-heres-who-owns-u-s-...