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Japan on Track to Overtake China as Top Foreign Owner of U.S. Debt

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posted on May, 5 2012 @ 02:03 AM
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Japan on Track to Overtake China as Top Foreign Owner of U.S. Debt
By Terence P. Jeffrey
May 4, 2012


Despite the disasters in Japan, it seems they are closing in on China for the dubious honor of being the U.S.'s largest debtholder.

They're not far behind. They've been stoking the fires recently !


(CNSNews.com) - After a 9.0 earthquake struck off the coast of Japan last March and sent a tsunami crashing into the Fukushima Daiichi nuclear power plant, causing a Japanese national emergency, some worried the Japanese would stop buying U.S. government debt—or even sell off some of what they already owned—thus precipitating a spike in the interest rates on that debt.

In fact, according to data published by the U.S. Treasury Department Japan has done just opposite, buying more U.S. government debt--even as China has started to decrease its holdings of U.S. debt.

Data from the most recent 8 months published by the Treasury indicate that between the last day of June 2011 and the last day of February 2012, entities in Japan increased their holdings of U.S. Treasury securities from $881.6 billion to $1.0959 trillion. At the same time, entities in the People’s Republic of China decreased their holdings of U.S. Treasury securities from $1.307 trillion to $1.1789 trillion.


Have a look at that Treasury report to see who buys U.S. debt bonds




posted on May, 5 2012 @ 02:11 AM
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The US needs to slap 300 billion dollars off that amount for unfair trade practices.

However the largest creditor to the :US is the people extragovernment debt is secondary and has a way to go before they get near that.

The Big 3 SS,Medicare and Medicaid take top place of who and what we owe.

The kicker here is the Government is borrowing 40 cents of every dollar and they are taxing 50 cents for every dollar..

We are screwed.
edit on 5-5-2012 by neo96 because: (no reason given)



 
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