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Largest Foreign Holder Of US Debt Revealed

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Japan’s holdings of Treasuries hit a new high since August 2022, Treasury data shows

Japan’s holdings of US Treasuries have continued to grow, exceeding $1.15 trillion in January, according to data released by the US Treasury this week. Tokyo has been the largest overseas holder of US debt since June 2019.

The report shows that Japanese investors boosted their stash of Treasuries to $1.153 trillion in January from $1.138 trillion in December. Tokyo has been on a buying spree since August 2023.

The two other largest holders of US government debt – China and the UK – have reduced their holdings.

China’s holdings dropped by $18.6 billion from December to $797.7 billion after two consecutive months of increases. Since April 2022, the nation’s holdings of Treasuries have remained below $1 trillion.

Beijing may continue to reduce its share of US debt in its overall foreign exchange reserves amid efforts to diversify its portfolio of foreign assets, according to a China Daily report, citing experts. The Asian nation has been trying to reduce its dependence on the dollar while promoting broader international use of the yuan.

Meanwhile, the UK’s Treasury holdings were down $200 million from a month earlier, at $753.5 billion, falling from a record high set in December and the first decline in four months.


READ MORE: US debt to top $54 trillion – budget office

Overall, foreign holdings of US Treasuries declined in January to $8.02 trillion $8.06 trillion in December. Compared with a year earlier, Treasuries held by foreigners expanded by 8.6%, according to the data.

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Victims of Domestic Violence Rally Against Proposed Joint Custody Laws in Japan, Citing Legal System Flaws

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In Japan, the debate over joint custody laws reveals deep societal concerns about family violence and its impact on victims. Critics argue the proposed joint custody laws could endanger victims by inadvertently reconnecting them with abusive ex-partners. Demonstrations have taken place, with advocates arguing that the system lacks effective measures to protect those affected by family violence.

Women, disproportionately impacted, represent a higher percentage of abuse reports. Allegations of physical abuse backed by photographic evidence and medical reports have been dismissed by the courts, leaving victims feeling helpless and ignored. On the other hand, parents deprived of their children’s presence argue the legal system fails to address their grievances or consider the emotional harm inflicted on both children and parents.

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Electricians’ Union Raises Alarm Over Unsafe Practices in Solar Industry

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In Australia, safety and employment conditions in the solar farm industry are raising concerns. There have been reports of unqualified workers, including backpackers on working holiday visas, doing electrical tasks that legally require licensed electricians. The electrical trades union has pointed out cases where trade assistants without proper qualifications or supervision performed risky electrical work.

Incidents include workers installing solar panels in water, posing a risk of electrocution. Poor working conditions have led to dissatisfaction among electricians, who feel their safety concerns and expertise are being ignored. The industry is currently facing a significant demand for electricians due to the rapid expansion of solar farm constructions, with 34 projects underway. The union is urging the renewable energy sector to invest in training a new generation of electricians to meet this demand.

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Tesla Faces Backlash from Cybertruck Owners Citing Multiple Performance Flaws

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