Japan now top foreign holder of US treasury bill
US treasury bill
Washington - XINHUA
Japan has replaced China as the largest holder of U.S. treasury bill, the U.S. Treasury Department said on Wednesday.
Japan decreased its holding to 1.2244 trillion U.S. dollars in February, while China trimmed its holding to 1.2237 trillion dollars, the department said in the latest Treasury International Capital report.
The total foreign holdings fell to 6.163 trillion dollars in February, compared with 6.219 trillion in January.
In 2008, China overtook Japan as the top holder when the debt-ladden U.S. government increased borrowing to finance its record deficit.
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