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ECONOMY

Japan returns as top foreign holder of U.S. treasury securities

Washington, Aug. 15 (Jiji Press) — Japan has replaced China as the largest foreign holder of U.S. Treasury securities, regaining the top spot for the first time in two years and one month, U.S. Treasury Department data showed Thursday.

Japan’s holdings of U.S. Treasury securities stood at 1,122.9 billion dollars as of the end of June, exceeding 1,112.5 billion dollars held by China, whose holdings have been growing at a slower pace than before amid trade tensions between Washington and Beijing.

Japan’s holdings rose by 21.9 billion dollars from a month before, while the growth of China’s holdings was limited to 2.3 billion dollars.

There was speculation that China would refrain from purchasing U.S. Treasury securities as retaliation for U.S. tariffs on imports from China, according to analysts.

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