Japan debt safer than U.S. debt: China economist

One thing is for sure. Rumor or not about the Chinese Central Banker, you can be sure that the people who run the Chinese central bank will not buy many more US Treasuries. Yes, this statement speaks to the Chinese rating of US Treasury investments, a definite downgrade THAT MOODY'S AND STANDARD & POORS DARE NOT MAKE.

Jim

Jim,

Agreed.

The downgrade of US debt would be considered a national threat. It's interesting that Japanese debt, a country also using massive currency debasement relative to gold to mitigate its enormous debt burden, would be considered 'better' than the US.

Eric

China has been buying record amounts of Japanese government debt because it is less risky than U.S. debt, at least in the short term, a Chinese government economist said on Wednesday.

Investing in Japanese bonds is safer because so much of the country's debt is held domestically, and the yen is on course to strengthen further, said Zhang Ming, an economist with the Chinese Academy of Social Sciences, a top government think-tank.

Source: newsdaily.com