Japan walks back talk of US Treasury sale 'card' in trade negotiations

Tokyo won't use sell-off option as a bargaining chip, finance minister says

20250504N Banknotes

Japan held $1.27 trillion of foreign exchange reserves as of the end of March. © Reuters

YUKA FURUBAYASHI

MILAN -- Japan has no intention of using the possibility of selling its U.S. government debt holdings for advantage in trade talks with Washington, Japanese Finance Minister Katsunobu Kato said Sunday.

"We do not consider the sale of U.S. government bonds to be a tool in negotiations between Japan and the U.S.," Kato told reporters.

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