The Treasury Department says Japan, the second-largest foreign holder, boosted its holdings by $17.6 billion to $907.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to scale back its purchases so it could use the money for reconstruction.
via Japan purchased US debt in March despite crisis – BusinessWeek.
Japan is struck by an earthquake and tsunami doing devastating damage. A nuclear crisis ensues …
What’s the concern in America? Oh no! What if they stop buying US bonds.
Phew, they still managed to buy some — $17.6 billion worth.
This is a very strange situation, I think.
Do you think this money should have been used to buy US bonds? Or should Japan have taken this money and invested it in Earthquake recovery?
