Japan's Finance Minister Threatens Liquidation Of US Treasuries, Sparking Shock, Confusion

The first rule of diplomacy is you never directly say what you mean, and you never, ever say what you want to say.

Japan's finance minister, Katsunobu Kato, forgot the first rule and it can cost Japan dearly.

Addressing a question on a Tokyo TV program on Friday, Japan FinMin Kato said the country's $1.1 trillion in Treasury holdings - the highest of any foreign creditor -