China’s Treasury Holdings Decline as Japan’s Rise to Record

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China’s holdings of U.S. government debt declined in November for a third straight month, reaching the lowest level since January 2013, as Japan’s jumped to a record.

China, the largest foreign holder of Treasuries, had $1.25 trillion as of November, $2.3 billion less than a month earlier, according to Treasury Department data released Friday in Washington. Japan, the second biggest, moved to within $8.9 billion of China’s lead, increasing its ownership by $19.1 billion to $1.24 trillion.