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Message: <blockquote data-quote="David" data-source="post: 3610" data-attributes="member: 2">You have to also keep in mind that they are leveraging their debt by holding other countries accountable for their debts. For example, as of June 2020, Japan owned $1.26 trillion in U.S. Treasurys, making it the largest foreign holder.This is the only thing keeping the currencies about equal at the moment. Japan only needs to worry when it absolutely comes down to it to try and cash back in, provided the countries can buy it back because they aren't in a deficit anymore and could pay their debts.</blockquote>