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China Adds Treasuries for Second Month on Reserve Growth

China remained the largest foreign U.S. creditor in February amid a rebound in the country’s foreign-currency reserves as Japan’s purchases of Treasuries picked up.

China’s holdings rose for a second straight month, increasing by 1.1 percent to $1.18 trillion, U.S. Treasury Department data released yesterday show. Those of Japan, America’s second-largest lender, climbed 1.2 percent to $1.096 trillion after the Asian nation intervened in months prior to stem the yen’s appreciation. Net foreign purchases of Treasuries rose $41.2 billion, or 0.8 percent, to a record $5.1 trillion, the data show.