Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: SOROS who wrote (69453)	12/25/2004 4:35:26 PM
From: Raymond Duray	Read Replies (1) of 89467

Soros, Re: The US needs something like 2 BILLION dollars EVERY day, and China is probably the largest buyer. No, Japan is the largest purchaser of U.S. treasury debt, by far. Japan holds about 3 times as much debt as does China, and while China's purchases of T-bills and T-bonds have been essentially flat for a couple of years, Japan has been rapidly accelerating its purchases of U.S. sovereign debt. As of August, 2004, Japan held $722 of the U.S. National Debt, by far the largest creditor to the U.S. China (#2 creditor nation) held $172 Billion. Source: budget.senate.gov See Page 8

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