Bill’s Commentary:
“Japan says the quiet part out loud!”
Japan’s finance minister calls US Treasury holdings ‘a card’ in tariff talks with Trump
TOKYO (AP) — Japan’s massive holdings of U.S. Treasurys can be “a card on the table” in negotiations over tariffs with the Trump administration, Finance Minister Katsunobu Kato said Friday.
“It does exist as a card, but I think whether we choose to use it or not would be a separate decision,” Kato said during a news show on national broadcaster TV Tokyo.
Kato did not elaborate and he did not say Japan would step up sales of its holdings of U.S. government bonds as part of its talks over President Donald Trump’s tariffs on exports from Japan.
Bill’s Commentary:
“But offset by an increase in defense spending? Maybe the Pentagon could cut expenses by not paying $340 for hammers?”
Trump to Propose Slashing $163 Billion in Government Programs in Budget Blueprint
WASHINGTON—President Trump is expected to propose far-reaching cuts to federal environmental, renewable energy, education and foreign-aid programs in a budget blueprint that slashes nondefense discretionary spending by more than $160 billion, according to administration officials.
The fiscal 2026 budget proposal, which the White House is planning to release on Friday, is a largely symbolic wish list that lays out the president’s spending and political priorities. Congress, which Republicans control by narrow majorities in both chambers, will spend months debating which elements of the proposed plan should be turned into law.
Bill’s Commentary:
“Russell Brand is getting the Julian Assange treatment?”
It’s very simple, Bill. Japan needs to repatriate dollars to help keep yen interest rates under control.
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