Japan's Bond Market Matters For The U.S. Economy
2026-03-03 14:50:00 ET
If there is one country that really matters for US financial markets, it has to be Japan. Not only does Japan have an $8 trillion bond market, making it the world’s third-largest such market, it has also been a major supplier of liquidity to our stock and government bond markets. With holdings of $1.2 trillion of US Treasury bonds, Japan is our largest external creditor ahead of China....
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