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Japan remains top foreign holder of US Treasurys in July

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Japan remains top foreign holder of US Treasurys in July

Japan edged out China in July as the top foreign holder of U.S. Treasurys for the second consecutive month, increasing its holdings to $1.131 trillion from $1.123 trillion in June, latest data from the U.S. Treasury Department showed.

China's holdings fell to $1.110 trillion from $1.113 trillion a month ago. Overall foreign holdings of U.S. Treasurys dropped to $6.631 trillion from $6.636 trillion.

Net foreign purchases of long-term securities amounted to $84.3 billion in July, taking into account transactions in both foreign and U.S. securities. That followed an upwardly revised inflow of $100.6 billion in June.