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In case you missed it, Japan overtook China as the largest holder of U.S. debt in December, The Wall Street Journal’s Deborah Solomon and Mark Gongloff noted in an article yesterday, citing U.S. Treasury Department data. The flip was mainly thanks to a $34 billion dip in China’s holdings, to $755.4 billion, below Japan’s $768.8 billion.
China's holdings of US Treasury bonds tumbled in December, allowing Japan to take over as the top holder of American government debt, according to Treasury data released Tuesday.
China's bond holdings dropped substantially to 755.4 billion dollars in the last month of December from 789.6 billion in November, said the Treasury's international capital data report.
Japan's holdings increased to 768.8 billion dollars in December from 757.3 billion dollars in November, according to the data.
Britain was the third biggest holder of US Treasury bonds, worth 302.5 billion dollars in December, rising from 277.6 billion in November.
Originally posted by keldas
reply to post by MikeboydUS
And the UK is the third largest creditor. As the UK is a basket case as many keep saying what will happen when those in the UK who are invested in the US need to withdraw their money.
It also appears strange that the UK investment in the US is on the rise.
Originally posted by Majic
It means the lines are already being drawn for the next world war.
Or perhaps I'm utterly mistaken.