The event under discussion did not merely...
On February 16, the U.S. administration confirmed the assessment figures received by the media from private research agencies on February 12. According to the analysis, China, which owned the majority of U.S. Department of the Treasury securities in 2009, has ceded first place to Japan. In December 2009, the U.S. government owed $755.4 billion to China and another $768 billion to Japan.
In effect, two events have taken place. The second implies that the United States now considers Japan more important, if only symbolically. However, the first event cannot be called a mere trifle. According to various reports, the changes were caused by Chinese sales of U.S. securities worth $34.2 billion starting in November 2009. At the same time, Japan bought $11.5 billion in such securities. This is the most serious aspect. Does this mean that U.S. securities worth such tremendous amounts are being dumped? Does this mean that the world no longer wants to finance the United States in exchange
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