“没有替代品可买”，前日银官员暗示，日本或已暂停抛售美债行动

Group 1 - Japan is unlikely to sell its large holdings of US Treasury bonds despite the recent drop in bond prices, as there are no better alternative investments available [1][2] - Japan, like other countries, prefers to hold US dollars for foreign exchange reserves rather than euros, due to the depth of the US capital markets and the strong technological competitiveness of the US [2] - The dollar remains the dominant global reserve currency, with a current share of 58% in global foreign exchange reserves, although this is the lowest level in decades [5] Group 2 - There are doubts about the euro's potential to replace the dollar as the world's primary reserve currency, primarily due to political fragmentation in Europe and the lack of depth in European capital markets [4][5] - The influence of the Chinese yuan is seen as more promising in challenging the dollar's dominance in Asia, with an increasing amount of trade being settled in yuan [5] - The euro currently accounts for 20% of global foreign exchange reserves, significantly lower than the dollar's share [5]