In case you missed it, Japan overtook China as the largest holder of U.S. debt in December, The Wall Street Journal’s Deborah Solomon and Mark Gongloff noted in an article yesterday, citing U.S. Treasury Department data. The flip was mainly thanks to a $34 billion dip in China’s holdings, to $755.4 billion, below Japan’s $768.8 billion.
The article reviews the concerns over U.S. budget deficits spooking China.
“These might be contributing to the fact that China had some small pullback in U.S. securities,” they quote IHS Global Insight economist Gregory as saying
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