Japan's Finance Minister Katsunobu Kato has sent shockwaves through global markets by declaring the country's #USDT 1.13 trillion in US Treasury holdings a "card on the table" in the escalating trade war.
Trade War Tensions Rise
The warning comes amid rising tensions between the US and Japan, with the US #TRUMP imposing reciprocal tariffs and targeting Japanese auto imports, LNG contracts, and agriculture.
Market Impact
The statement has caused bond yields to spike and the dollar to fluctuate, leaving traders eyeing traditional Treasury bonds and potential #crypto market implications.
Potential Consequences
If China joins Japan in this standoff, it could trigger a bond market meltdown and a crypto rally driven by safe-haven demand.
Expert Insights
Experts warn of a new era of economic brinkmanship $BNB
, where countries are willing to use their economic leverage to achieve their goals.
The situation remains volatile, with Japan signaling it won't back down. The next move is uncertain, but one thing is clear: the trade war is escalating.