Jiang argues that Japan continues buying U.S. Treasuries not because they are attractive on their own terms but because Treasury demand acts like a subsidy or bribe to secure American military protection and reduce direct pressure from the United States.
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Security dependence
A transcript-matched topic anchored by excerpts such as "Japan before World War II was getting 90 % of its oil from the United States. But Japan was becoming too powerful and so..."
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A transcript-matched topic anchored by excerpts such as "Japan before World War II was getting 90 % of its oil from the United States. But Japan was becoming too powerful and so..."
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"Japan before World War II was getting 90 % of its oil from the United States. But Japan was becoming too powerful and so..."
"They're putting too much money, they're too much in debt. So the Chinese have been selling U.S. dollars, U.S. Treasuries. But the Japanese have..."
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