-Caveat Lector-

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http://www.latimes.com/business/la-fi-dollar6apr06,1,6876656.story?coll=la-home-
headlines
THE NATION
Asia's Stockpiles of Dollars Pose U.S. Economic Risks
By Tyler Marshall
Times Staff Writer

April 6, 2004

HONG KONG - A massive buildup of U.S. dollars held by Japan, China and other
Asian countries is fueling increasing unease among analysts and policymakers,
who fear it poses risks to the fragile American economic recovery and global
financial stability.

Collectively, Asian countries hold foreign exchange reserves - mostly in
dollars - valued at more than $2 trillion, nearly triple that of just seven
years ago, according to the Asian Development Bank. Those dollar holdings
continue to grow rapidly, with the Japanese and Chinese governme

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