Heresy Financial: Japan Dumping Treasuries at Record Pace

Heresy Financial Nov 9, 2022 Japan’s foreign reserves fell by a record amount in October, marking three months straight of their foreign reserves falling. This comes after September, which is when they started intervening to save their currency. As we’ve talked about a few times, their currency has been virtually failing and it has been falling versus other currencies like the dollar extremely quickly. This prompted them to intervene on the 22nd of September for the first time in years to try and prop up the value of their yen, which ultimately failed and caused them to have to intervene…