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News Link • Economy - Economics USA

Japan purchased US debt in March despite crisis

• AP
Japan increased its holding of U.S. Treasury securities in March, the same month it was hit by a devastating earthquake.

The Treasury Department says Japan, the second-largest foreign holder, boosted its holdings by $17.6 billion to $907.9 billion. There had been concerns that the March 11 earthquake and tsunami would lead Japan to scale back its purchases so it could use the money for reconstruction.

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