东方正在加紧抛售；而日本只能等待结束?还以为东方抛售美债，只是普通操作？错了！

Core Insights - The geopolitical conflict that erupted in February 2022 led to Western sanctions against Russia, freezing nearly $300 billion of its overseas assets and cutting off the SWIFT payment system, raising deep concerns about asset security in the international community [1] - In response to these sanctions, a major Asian country began adjusting its foreign exchange reserve structure in April 2022, reducing its holdings of U.S. Treasury bonds to $730.7 billion by July 2025, a 15-year low, and nearly $400 billion lower than its peak [1] - This country also increased its gold purchases to account for 15% of global annual production in 2024, indicating a dual strategy of "de-dollarization" and reserve diversification to mitigate sanction risks and proactively respond to changes in the international financial system [1] Comparative Analysis - In contrast, Japan continues to hold $1.15 trillion in U.S. Treasury bonds, having added $3.8 billion in July 2025, which highlights the risk of a singular asset allocation strategy [2] - Countries overly reliant on dollar-denominated assets may face asset freezing risks similar to those experienced by Russia, making reserve diversification a common strategy among major global economies [2] International Financial Dynamics - Despite years of Western sanctions aimed at undermining its economy, Russian leadership still expresses a desire to integrate with the West, reflecting the complexities of international financial competition [3] - This situation serves as a warning for all nations to seek a balance between open cooperation and risk prevention in their economic strategies [3]