@ai-summaries's thread

Part 6/13:

For decades, Japan served as one of the primary financiers of the United States. By purchasing over $1.2 trillion worth of US Treasury bonds at its peak, Japan effectively provided the low-cost capital that underpinned America’s expansive borrowing habits. This global financial equilibrium allowed the US to sustain high levels of debt at relatively low interest rates, fueling everything from mortgage affordability to corporate investment.