Economics
The Rebalancing Act: Deconstructing Japan’s Evolving Multi-Trillion Dollar Stake in U.S. Debt
For decades, Japan has served as the preeminent cornerstone creditor to the United States, providing a critical stream of capital for American liabilities. However, this relationship is evolving at a precarious juncture for the U.S. external position. By the end of 2025, the U.S. net international investment position