China becomes top foreign holder of US Treasuries

​China becomes top foreign holder

Japan surpassed China in June as the top holder of U.S. Treasuries. It has $ 1.122 trillion worth of securities on her balance sheet, while China has 1.112 trillion, Report informs citing Bloomberg.

Japan increased its holdings of US bonds, bills and notes by US$21.9 billion to US$1.12 trillion, the highest level in more than two and half years. Meanwhile, China’s ownership rose for the first time in four months to US$1.11 trillion, up by US$2.3 billion.

The last time Japan held the position as America’s largest foreign creditor was May 2017. Experts suggest that Beijing against the background of the trade war can arrange a sale of securities or threaten to do so during negotiations with Washington.

UK took the second place in the ownership of US bonds by a large margin from the second — it has 342.2 billion.

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