[eigenspace]

Japan holds a huge amount of US treasuries, and I guess was considering a mass sell off to raise cash to defend the Yen.

US treasury bond yields are already dangerously high for the US and Japan selling treasuries would push yields up even higher, and could trigger more panic selling from others.

I guess this is Bessent's scheme to try and kick that can down the road.

[inigyou]

Japan has to sell off its bonds to get dollars to buy oil with since oil is so expensive. I wonder why that happened.

[blitzar]

> kick that can down the road

With two left feet and a couple of swings and misses, the can isnt in much danger.

[HumblyTossed]

Surely he isn’t competent enough to do anything else.

[eigenspace]

Even if he was, it's not like he could control the rampaging elephant in the room.