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Japan Denies Using $1 Trillion in US Treasuries as Trade Leverage
Japan Denies Using $1 Trillion in US Treasuries as Trade Leverage
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Japanese Finance Minister Katsunobu Kato has categorically denied any intention to weaponize the nation’s $1 trillion holdings of US Treasuries during trade negotiations with Washington. The clarification follows Kato’s ambiguous televised remarks that initially suggested Japan might consider its Treasury portfolio as a negotiation tool.
Speaking at a press conference in Milan, Kato emphasized his earlier comments were strictly hypothetical, made in response to a journalist’s question about providing reassurances to the US regarding Japan’s Treasury holdings. "My response was purely about theoretical scenarios," Kato stated, distancing himself from any suggestion of financial brinkmanship.
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