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Japan Widens Lead Over China as Top Foreign Holder of Treasuries

  • Japan held $1.13 trillion of U.S. notes, bonds, bills in July
  • Trump on Monday announced a limited trade agreement with Japan
Tokyo Skyline As Japan’s Inflation Slows Again
Photographer: Akio Kon/Bloomberg

Japan remained the biggest foreign owner of U.S. Treasuries in July with its holdings rising to a more than two-year high, while China’s stake fell slightly.

Japan’s holdings of U.S. notes, bills and bonds increased by about $7.9 billion to $1.13 trillion, the Treasury Department said in a monthly data release Tuesday. That’s the largest amount held by Japan since October 2016, according to data compiled by Bloomberg.