[NEW YORK] Japan overtook China as the largest non-US holder of Treasuries in June, after raising its holdings to a nearly three-year high, according to US Treasury department data released on Thursday. Read more at The Business Times.
[NEW YORK] Japan overtook China as the largest non-US holder of Treasuries in June, after raising its holdings to a nearly three-year high, according to US Treasury department data released on Thursday.
It was not the first time that Japan supplanted China as the largest non-US Treasury holder. From January to May 2017, Japan held more Treasuries than China, data showed. Overall, major foreign holders of Treasuries had US$6.636 trillion of US government debt in June, up from US$6.539 trillion in May, suggesting continued demand for the safe-haven asset.
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