Japan prepared to use its role as America’s largest creditor as leverage in Trump trade talks
No country holds more provable Treasury debt than Japan with roughly $1.1 trillion, equivalent to a quarter of its entire economy.

Japanese prime minister Shigeru Ishiba, seen here at a NATO press conference last month, warned there was no breakthrough in talks with the Trump administration. “We have not yet reached a point where common ground has been found,” he told reporters on Friday.
David Mareuil—POOL/AFP via Getty Images