Economics
Japan Just Topped China to Be the Top Holder of U.S. Treasuries
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Japan overtook China as the top foreign holder of U.S. government debt for the first time since the global financial crisis amid signs of economic and policy shifts in Asia’s two largest economies.
Japan owned $1.2244 trillion of U.S. debt, compared with $1.2237 trillion for China as of February, according to Treasury Department data released Wednesday. Japan’s holdings fell $14.2 billion from the preceding month and China’s dropped by $15.4 billion.