• The Two Balance Sheets: Washington, Tokyo and $1.1 Trillion

    • September 9, 2026
    • Posted by: DrGlenBrown2
    • Categories: Public Doctrine Series, Public Doctrine Series · Sovereign Financial Engineering · Macro
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    The Two Balance Sheets: Washington, Tokyo and $1.1 Trillion

    Japan holds $1.1 trillion of Treasuries. Washington wants Tokyo to raise rates. A financial engineer decodes why those two facts are one problem.

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