Japan likely sold US Treasuries to fund record yen intervention

TREE NEWS reports: Japan appears to have sold foreign securities, including US Treasuries, to finance last month’s record currency intervention. Ministry of Finance data released Monday showed foreign securities holdings fell by a record $87.8 billion in August, roughly matching the scale of intervention. Analysts suggest short-term US debt was likely sold. Officials previously confirmed spending ¥15.4 trillion ($98.6 billion) in the month through August 26, partly coordinated with the US.