By CNS News, Special for USDR
The Japanese, who increased their holdings of U.S. government debt from $1,201,400,000,000 to $1,238,600,000,000 in the year between January 2014 and January 2015, are poised to surpass the Mainland Chinese as the top foreign owners of U.S. government debt.
In contrast to the Japanese, the Mainland Chinese decreased their holdings of U.S. government debt from $1,275,600,000,000 to $1,239,100,000,000 during the same period, according to data released by the U.S. Treasury this week.
That leaves the Chinese and the Japanese neck-to-neck in their ownership of U.S. debt–$1.2391 trillion to $1.2386 trillion–with the Japanese on a generally upward trend in their holdings and the Chinese on a generally downward trend.
Read more: http://cnsnews.com/news/article/terence-p-jeffrey/japan-poised-pass-china-top-foreign-owner-us-debt-china-s-holdings
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