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Japan was the largest foreign holder of U.S. Treasurys in February. Japan dethroned China as the largest holder of US bonds.
It was the first time since August 2008.
Both countries reduced their holdings of U.S. Treasurys in February. Japan held $1,224.4 billion in U.S. government debt, while China, excluding Hong Kong, held $1,223.7 billion.
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