Japan Holds More US Debt Than China

CNBC:

The big drop in China’s hold­ings meant that it lost the top spot in terms of for­eign own­er­ship of U.S. Trea­suries, drop­ping to sec­ond place behind Japan.

Japan also reduced its hold­ings of U.S. Trea­suries, cut­ting them by $11.5 bil­lion to $768.8 bil­lion in Decem­ber, but that amount was still more than China’s Decem­ber total of $755.4 billion.

For those of us wor­ried that China is get­ting skit­tish about US debt, or fear that the debt is some bomb that China can set off at any time — don’t. Both China and Japan are in it for the long run. They have to be.

17 February 2010 – 6:17 am | By Benjamin Daniels | Posted in Economics, Foreign Affairs | Tagged , , , | Comments (74)