Federal Reserve Treasury custody holdings fall amid Japan intervention debate

9 articles · Updated · Bloomberg · May 8

Holdings for foreign official and international accounts dropped $8.7 billion to $2.73 trillion in the week to May 6, the first decline in a month.
The move coincided with estimates that Japan's Ministry of Finance spent about $54.7 billion buying yen, fuelling speculation it sold US Treasuries to fund intervention.
The data do not prove Japan sold Treasuries, but the timing has sharpened market scrutiny of how Tokyo may have financed support for its currency.

With Japan selling Treasuries, is the era of stable U.S. debt financing over?

As central banks sell U.S. bonds, are we witnessing a global retreat from the dollar?

Can Japan’s massive currency interventions succeed without changing its underlying economic policy?