Japan has benefitted from its trade surplus by stockpiling foreign currencies which can be reinvested. Does the US require all treasury debt sales in USD? If not then what does the US do with the foreign currency so it can be spent?
Japan has benefitted from its trade surplus by stockpiling foreign currencies which can be reinvested. Does the US require all treasury debt sales in USD? If not then what does the US do with the foreign currency so it can be spent?