Economics
China Loses Status as U.S.’s Top Foreign Creditor to Japan
- China had held top position for two years before Japan rebound
- Japan holds $1.12 trillion to China’s $1.11 trillion stockpile
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Japan surpassed China in June as the top holder of U.S. Treasuries as the trade war between the world’s two largest economies intensified.
Japan increased its holdings of U.S. bonds, bills and notes by $21.9 billion to $1.12 trillion, the highest level in more than 2 1/2 years, according to data released by the Treasury Department on Thursday. Meanwhile, China’s ownership rose for the first time in four months to $1.11 trillion, up by $2.3 billion.