Zaid Admani

speaker

18,553 appearances 166 recordings 1 series first heard Oct 2025 last heard yesterday

Zaid Admani’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 166 in all, peaking in Jul 2026 with 29.

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Today, Japanese investors own around $2.5 trillion worth of US stocks, bonds, and other assets. voice-verified

In fact, Japan is the single largest foreign holder of US treasuries with roughly voice-verified

1.1 trillion dollars. voice-verified

But now that Japan is raising rates, that equation starts to change. voice-verified

So if Japanese bonds start paying more money, Japanese investors have less reason to send all their money overseas. voice-verified

So some of that Japanese money that was going into US stock and bond markets will just stay home in Japan. voice-verified

And if there's less Japanese investors buying US treasuries, well that could push treasury yields higher. voice-verified

And we've already talked about how higher yields can be ahead. voice-verified

Win for the stock market. voice-verified

Now, the other issue overhanging all of this is the yen. voice-verified

The yen has been getting crushed this year. voice-verified

We talked about this a few times on the show. voice-verified

The yen hit 40 year lows earlier this summer. voice-verified

So the Japanese government has been stepping in to try to prop up the currency. voice-verified

And the way they do that is by selling billions of dollars in US treasuries and using that money to buy yen. voice-verified

So that's selling by the Japanese. voice-verified

Japanese government is also putting pressure on bond yields, causing them to go up. voice-verified

And that's why Treasury Secretary Scott Bessent has actually been encouraging Japan to raise rates because he wants a stronger yen. voice-verified

So the Japanese government doesn't have to keep selling US treasuries today and putting pressure on yields. voice-verified

So it's a very interesting dynamic playing out in Japan right now. voice-verified

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