Reported 9 days ago
Japan's Finance Minister Katsunobu Kato announced that the country will not use its U.S. Treasury holdings as leverage against President Trump's tariffs on Japanese imports. Kato emphasized that these holdings are primarily managed for potential future exchange-rate interventions, not for diplomatic purposes. He dismissed suggestions from lawmakers to sell off these assets as a countermeasure, noting the risks involved in altering Japan's foreign reserves, which total approximately $1.27 trillion.
Source: YAHOO