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verstra ,

Can someone ELI5?

yogthos OP ,
@yogthos@lemmy.ml avatar

Japanese investors hold a large chunk of US bonds. With the yen rallying against the dollar and US rates being high, they’re looking to dump their bonds because otherwise they’re going to start losing money on them.

The_Jewish_Cuban ,
@The_Jewish_Cuban@hexbear.net avatar

Japan should just try communism. I hear it works great and then you can cozy up with your neighbors of Russia and China.

velox_vulnus ,

They already have the Kyōsantō in the Diet, although a minority - 10 out of 465.

pinguinu ,
@pinguinu@lemmygrad.ml avatar

They’re anti-China. Sucks to be them smh

velox_vulnus ,

Very similar to the situation of leftism in India.

The CPI was openly anti-China - although they’re open to merging back with the CPIM. But the CPI isn’t as relevant as the CPIM. The CPIM, which was carved out of CPI, had a split, owing to the Sino-Soviet split. And then the communist parties in India kept fragmenting over minute ideological differences - some into Marxist-Leninists, Trotskyist, Maoists, etc , and some went out of relevance. None of these parties, however, have any connection to the HSRA, aka the original anti-colonialist revolutionaries. Now, there are fake (non-Marxist), wannabe socialist/communist (read: welfare capitalist) parties like the INC and SP with considerable seats in the Indian parliament.

In the case of JCP, they seems to all with the Soviets strongly, just like old-timers at CPI.

LarkinDePark ,

Can’t really be communist and think you’re the supreme race at the same time though.

dirtybeerglass ,

Hmmmm……interesting……yes….something something……absolutely fascinating……so, rich people money……blah blah blah is ……at risk, it says and… something something……no solution……unless …… they take money from poor people”

freagle ,

$400Bn is nothing in the USA, honestly. Japan could fire sale it all, which it won’t, and in the worst case American actors will buy it all up and the market blip will be over in a single day. Someone will make good money on short sales, though.

CyberSyndicalist ,
@CyberSyndicalist@hexbear.net avatar

I’m not going to take anything the Heritage Foundation says seriously

yogthos OP ,
@yogthos@lemmy.ml avatar

cnbc.com/…/boj-raises-benchmark-interest-rate-out…

Atelopus-zeteki ,
@Atelopus-zeteki@kbin.run avatar

When I saw Heritage, my response flipped to NOPE. But I thought, charitably, hey give 'em a chance. LoL, NO. The 3rd take away point "cut spending" is right out of austerity thinking, which has been disproven. Buncha cranks. Spending without taxation to back it up, sure that's problematic. And so is cutting spending 'will he, nill he'. Funny how they never talk about cutting military spending. smh.

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