Russia, Japan reduces holdings of US assets

While China continued supporting the US long-term assets to increase reserves by continuously purchasing even despite expressing concerns about the dollar, Russia and Japan have reduced theirs following stories that some of the major countries in the world are questioning the status of the dollar as a world reserve currency. Bloomberg reports:

Total net sales of long-term equities, notes and bonds were a net $19.8 billion in May, compared with buying of $11.5 billion the month before, the Treasury said today in Washington. Monthly foreign investment flows dropped $66.6 billion in May, compared with a decline of $38 billion in April.

More HERE.

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