Looking at securities investment, Japan’s U.S. Treasury holdings of 0.9 trillion U.S. dollars represent a share of 20 percent, second to China’s holdings of 1.2 trillion U.S. dollars, which give it a share of 26 percent. Japan’s economy after the bursting of a bubble Second, I would like to highlight some facts about the current state of Japan’s economy.
While in general most of the advantages of monetary integration will increase with the scale of the euro area, it is crucial that countries are sufficiently prepared for this intensified integration before they adopt the euro.