Japan Has Begun Selling This US Asset In An Effort To Bring Down The US Economy | Peter Schiff

Japan Has Begun Selling This US Asset In An Effort To Bring Down The US Economy | Peter Schiff
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►In this video, Peter Schiff discusses the potential for Japan to sell its $1.3 trillion in US treasuries in order to combat inflation in Japan. He explains that by selling the treasuries, Japan could take the dollars it receives and exchange them for Japanese yen, which would increase the value of the yen and help bring down prices, especially for imports. The Japanese government could then take those yen and buy back Japanese government bonds from the Bank of Japan, effectively retiring the debt and decreasing the money supply in Japan, which would fight inflation. However, this solution would have negative consequences for the US, as it would cause further inflation and make the US's own economic problems worse. Schiff also mentions that the Bank of Japan has recently joined the tightening party, meaning that it is withdrawing Japanese liquidity which has been propping up global markets and may cause assets that have been supported by that liquidity to sink. He criticizes the pursuit of a 2% inflation target by the Japanese government, known as Abenomics, and warns that attempts to fine-tune inflation can lead to overshooting and ultimately result in high inflation that is difficult to bring back down

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► Special Thanks & Credit to:
Peter Schiff :
https://www.youtube.com/c/peterschiff

Disclaimer: This video is for educational and entertainment purposes only. I am not a financial adviser. Please do your own research and consult with a professional before making any investment decisions.

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