China Loses Status as U.S.’s Largest Foreign Creditor to Japan

//China Loses Status as U.S.’s Largest Foreign Creditor to Japan

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. The last time Japan held the position as America’s largest foreign creditor was May 2017. A cautious months-long calm in the U.S.-China trade war was interrupted in May … (full story)

2019-08-16T15:31:27+00:00