China’s Treasury Holdings Rose in April as Japan’s Dropped

China’s holdings of Treasuries rose for a second month in April as Japan’s fell to the lowest level in a year, U.S. government figures showed.

China’s Treasuries increased by $2.4 billion to $1.26 trillion, according to Treasury Department data released Monday in Washington. Japan, which had passed China in February as the biggest foreign holder for the first time since 2008 before trading places again in March, held $1.22 trillion as of April. That’s $11.2 billion lower than a month earlier.