Japan edges out China as U.S. government’s top creditor

Sunny Oh
Japan edges out China as U.S. government’s top creditor

Japan snatched back its status as the U.S. government’s biggest creditor away from China for the first time since 2017, according to the widely-watched Treasury International Capital report (TIC) published Thursday afternoon. The report offers a snapshot of foreign buying of Treasurys at a time when U.S. government bonds have seen a dramatic rally over the course of the year amid persisting trade tensions and unflagging global growth concerns. Japan’s holdings rose to $1.123 trillion in June, around a three-year high, from $1.101 trillion in May. China’s Treasury holdings inched up to $1.113 trillion in June, from $1.110 trillion in the previous month.