$Japan's shift in attitude towards U.S. Treasury bonds reflects a potential change in economic direction to some extent:

Trade negotiation strategy aspect

Previously, Japan long regarded U.S. Treasury bonds as a “strategic asset” to maintain the Japan-U.S. alliance, avoiding provocation of the United States. Recently, in U.S.-Japan trade negotiations, it first used U.S. Treasury bonds as leverage in negotiations with the U.S., signaling an attempt to gain a more favorable position in trade talks. This indicates Japan's shift from a passive to a more proactive stance in trade negotiations; however, it later retracted this stance, displaying a wavering attitude. This change suggests that Japan is becoming more flexible and autonomous in its trade negotiation strategy, attempting to use economic means (holding U.S. Treasury bonds) to secure more favorable trade conditions for itself, such as protecting its interests in the automotive, agriculture, and electronic components sectors, thereby changing its previously relatively weak and submissive position in trade negotiations.

Economic autonomy aspect

Japan holds a large amount of U.S. Treasury bonds, and using them as a negotiation chip means that it is no longer completely dependent on the U.S. in economic decision-making, attempting to break free from excessive U.S. control over its economy and enhance its own economic decision-making autonomy. However, retracting this stance also reflects concerns about its relationship with the U.S. This transition illustrates Japan's search for a balance between “dependence” and “autonomy,” striving to explore a development path that maximizes its own economic interests.

International economic cooperation direction aspect

Behind Japan's shift in attitude is a rethinking of its positioning in the international economic landscape. Japan has begun to value economic cooperation with other countries (such as China), as it has a high dependence on trade with China and is taking action in investment and industrial transfer, such as Toyota and other automakers accelerating capacity transfer to China. This suggests that Japan's direction of economic cooperation may gradually shift from excessive reliance on the U.S. towards diversification, seeking to expand development space in broader international economic cooperation and reduce reliance risks on a single economic entity (the U.S.).

Overall, although Japan's attitude has fluctuated, these trends indicate its exploration of adjustments to its economic strategy and direction in the context of changes in the global economic landscape. However, the future trajectory is still influenced by various factors such as Japan-U.S. relations and the global economic situation.#MichaelSaylor暗示增持BTC