Japan is set to overtake China as America’s largest foreign creditor as the Bank of Japan’s latest attempt to end two decades of economic stagnation prompts investors to eke out any returns they can.
While China cut its investment in U.S. government securities for a fifth month in January, Japan added $7.7 billion, narrowing the gap to $1 billion, the latest U.S. Treasury Department data showed. Holdings for February will be released late Wednesday.
