Japan Maintains its Lead Over China as World’s Leading Foreign Holder of US Treasuries - Forex News by FX Leaders
US Treasuries

Japan Maintains its Lead Over China as World’s Leading Foreign Holder of US Treasuries

Posted Thursday, September 19, 2019 by
Arslan Butt • 1 min read

Japan holds on to its lead as the world’s biggest overseas owner of US Treasuries in July, after surpassing China. Japan’s holdings climbed to an over two-year high after it overtook China in June, for the first time since May 2017.

Japan’s holdings of US Treasuries rose by around $7.9 billion to touch $1.13 trillion, the most Japan has held since October 2016. Meanwhile, China comes in second with $1.11 trillion in holdings, $2.2 billion lower than in June.

Total foreign holdings of US Treasuries slipped lower to $6.63 trillion in July from $6.64 trillion in June, even as other countries like Belgium, Saudi Arabia and Taiwan also increased their holdings. Japan has been increasing its holdings of US notes, bills and bonds over the past year even as global negative-yielding debt climbed above $14 trillion by July-end.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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