Japan remained the biggest foreign owner of US Treasurys in July with its holdings rising to a more than two-year high, while China’s stake fell slightly, reported Caixin.
Japan’s holdings of US 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.
China was the second-largest foreign creditor in July, with $1.11 trillion in holdings, down by a moderate $2.2 billion from the previous month, the data showed.