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Japan Surpasses China as Top Foreign Holder of U.S. Debt

Entities in Japan have surpassed entities in Mainland China as the top foreign holders of U.S. Treasury securities, according to the latest estimate published this month by the Treasury.

In May of this year, the Chinese owned $1,110,200,000,000 in U.S Treasury securities and the Japanese owned $1,101,000,000,000. In June, however, Chinese ownership of U.S. Treasury securities rose only to $1,112,500,000,000 and Japanese ownership climbed to $1,122,900,000,000.

That marked the first time since May 2017 that entities in Japan have owned more U.S. Treasury securities, as estimated by the U.S. Treasury, than entities in China.

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