Monday, October 22, 2012

Japan to become US top creditor soon

This article is interesting - indicating Japan is about to overtake China as the top U.S. creditor.  Japan is currently purchasing more U.S. debt than China and should become our top creditor by January per this article from Businessweek.

quote:  "“Whatever deficit we’re running, we’re going to supply a lot of Treasuries and someone’s going to buy them, and if it’s not China it will be someone else.”"

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