Thursday, April 16, 2015

Japan to become America's largest overseas creditor followed by China

Japan is set to overtake China as America's largest overseas creditor when the U.S. Treasury releases its February investment figures in Washington. China cut its investment in Treasuries for a fifth month in January, while Japan added $7.7B, narrowing the gap to $1B. While the two Asian nations each own almost 10% of the $12.6T in publicly traded U.S. debt, China has held more than Japan since 2008.