Treasury holdings
Source: Agencies |
April 16, 2011, Saturday
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Print Edition
Print Edition
CHINA, the biggest buyer of United States Treasury securities, trimmed its holdings for a fourth straight month in February, and Japan boosted its holdings one month before a devastating earthquake hit the country.
The US Treasury Department yesterday said China reduced its holdings by US$600 million to US$1.15 trillion. Japan, the second-largest foreign holder, boosted its holdings by US$4.4 billion to US$890.3 billion. There have been concerns that the March earthquake and tsunami may cause Japan to scale back its purchases in order to use the money for reconstruction.
Total foreign holdings rose 0.5 percent to US$4.47 trillion. However, as the government moves closer to the US$14.3 trillion debt limit, it will have to scale back sales unless Congress moves to raise the limit.
The US Treasury Department yesterday said China reduced its holdings by US$600 million to US$1.15 trillion. Japan, the second-largest foreign holder, boosted its holdings by US$4.4 billion to US$890.3 billion. There have been concerns that the March earthquake and tsunami may cause Japan to scale back its purchases in order to use the money for reconstruction.
Total foreign holdings rose 0.5 percent to US$4.47 trillion. However, as the government moves closer to the US$14.3 trillion debt limit, it will have to scale back sales unless Congress moves to raise the limit.
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