$ONE $CELR $BANK Japan Finance Ministry Sep 7 reserve report:* Foreign securities holdings *fell $87.8B* to $839.5B end-Aug vs end-July — *largest monthly drop on record* — foreign reserves fell $79.6B to *$1.208T*
- *Why:* Record yen defense — *¥15.4T ($98.6B) spent July 30-Aug 26*, including *first US-Japan joint intervention since 2011 on July 31* (yen was 164/dollar, 40-yr low). About *70% of Japan reserves = US Treasuries*, so market assumes they sold short-end Treasuries — price of 10yr barely moved in Aug, so drop is real selling, not valuation
- *No ¥80T loss:* Finance Ministry never disclosed ¥80T write-down — that's ∼$510B, ~half of annual budget — would be global systemic headline. Reuters Sep 18 actually reports *Bessent told Finance Minister Satsuki Katayama June 22 to rein in spending + have BOJ hike* to avoid JGB selloff spilling into US debt
- *Next week plans:* No plan to offload "billions more" to stem damage — opposite — *Bessent doubled US long-bond buybacks through Nov 4* to keep yields down after Japan sales — Japan says it still has ammo + can use Fed FIMA repo to avoid selling Treasuries
- *10yr yield Fri Sep 19:* *4.993%* holding under 5% despite rate-check rumors
Your risk angle is right — Japan selling does pressure US yields and crypto risk-off — but direction is *Japan sells Treasuries to save yen*, not Japan selling Treasuries because of bond losses.
*BREAKING 🚨 Japan sold record $87.8B foreign securities in Aug to defend yen 🚨 FX reserves drop $79.6B to $1.208T — biggest ever — after ¥15.4T ($98.6B) intervention, 164 yen/dollar 40-yr low — 70% of sales likely US Treasuries — US doubles buybacks to cap yields 📢*#SaylorHintsStrategyBitcoinBuy #BOJRaisesRatesTo31YearHigh #BuffettStepsDownAsBerkshireChairman #XRPExchangeReservesHitSevenYearLow
- *Why:* Record yen defense — *¥15.4T ($98.6B) spent July 30-Aug 26*, including *first US-Japan joint intervention since 2011 on July 31* (yen was 164/dollar, 40-yr low). About *70% of Japan reserves = US Treasuries*, so market assumes they sold short-end Treasuries — price of 10yr barely moved in Aug, so drop is real selling, not valuation
- *No ¥80T loss:* Finance Ministry never disclosed ¥80T write-down — that's ∼$510B, ~half of annual budget — would be global systemic headline. Reuters Sep 18 actually reports *Bessent told Finance Minister Satsuki Katayama June 22 to rein in spending + have BOJ hike* to avoid JGB selloff spilling into US debt
- *Next week plans:* No plan to offload "billions more" to stem damage — opposite — *Bessent doubled US long-bond buybacks through Nov 4* to keep yields down after Japan sales — Japan says it still has ammo + can use Fed FIMA repo to avoid selling Treasuries
- *10yr yield Fri Sep 19:* *4.993%* holding under 5% despite rate-check rumors
Your risk angle is right — Japan selling does pressure US yields and crypto risk-off — but direction is *Japan sells Treasuries to save yen*, not Japan selling Treasuries because of bond losses.
*BREAKING 🚨 Japan sold record $87.8B foreign securities in Aug to defend yen 🚨 FX reserves drop $79.6B to $1.208T — biggest ever — after ¥15.4T ($98.6B) intervention, 164 yen/dollar 40-yr low — 70% of sales likely US Treasuries — US doubles buybacks to cap yields 📢*#SaylorHintsStrategyBitcoinBuy #BOJRaisesRatesTo31YearHigh #BuffettStepsDownAsBerkshireChairman #XRPExchangeReservesHitSevenYearLow
