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Opinion

America's Asian bankers grapple with a dollar Trump left for dead

Japan and China each hold more than $1tn in US Treasuries

| North America
Joe Biden must accelerate efforts to protect the AAA credit ratings that the last White House put in such peril.   © Getty Images

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

As China invests massively in its 2025 economy, the U.S. is still trying to sort out 1995.

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