This is an amazing number. 769 billion dollar US bonds ! Today’s news says that Japan again outnumbered China on the UD bond holding amount.

This means that  Japan has been constantly buying US bonds whatever Japanese economy situation may be.  We know that accumulating amount of US bonds has no value because Japan can’t sell it.  But the money to buy the bonds are from national tax of Japanese people. 

Japanese economy is not based on money business.  Most of the tax are from ordinary people’s labor at factory or companies. It’s like product of people’s blood and sweat. 

Japan is in serious economic situation, but Japan is buying. Why ?