Reported 3 days ago
Former Bank of Japan policymaker Sayuri Shirai has indicated that Japan is likely holding off on selling its substantial U.S. Treasury assets due to the dollar's unmatched status as a global reserve currency, with no viable alternatives offering comparable stability. Japan, along with China, remains one of the largest holders of U.S. Treasuries, and market speculation has risen following a significant sell-off of U.S. Treasury bonds in April. Shirai expressed skepticism about the euro becoming a credible substitute for the dollar and pointed out the increasing trade dominance of China's yuan in Asia.
Source: YAHOO