why did this occur? If you look at this slide, I'll I'll show you. This occurred because of US Treasury market, especially at the long end, you know, kind of go going haywire, and for Japan to to prevent Japan from potentially selling US Treasuries in order to raise USD to hit the market down. If you look at this, this is actually January of this this year, 2026. The New York Fed for the first time, this kind of came out of nowhere, this
This occurred because of US Treasury market, especially at the long end, you know, kind of go going haywire, and for Japan to to prevent Japan from potentially selling US Treasuries in order to raise USD to hit the market down.