Japan Denies Reports About It Dumping Treasuries

japan hirano

This afternoon’s rumor about Japan dumping $100 billion worth of Treasuries was great for raising the hair on traders’ backs, but it never made sense.

Japan is freaked out about its soaring yen, and the last thing they want to do is make a move that would hurt the US Dollar, which is all dumping Treasuries would do.

Alas, the government is now explicitly denying the reports, according to Reuters.

Remember, if anything they’re going to print yen, and buy Treasuries.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.