Was surprised to see that China was not the largest. We hold Japan’s debt and they hold ours, mutually assured destruction!

The US government printed $1 trillion out of thin air and gave it to Japan in an agreement for them to not dump US treasuries. However, that did not apply to the banks in Japan. Japan’s Norinchukin Bank announced last week that it was going to sell 63 billion in US and UK treasuries.

Whoever sells the most stuff to the US holds the most of our debt, with exception of Saudi Arabia

The 30% decline in china's US debt holdings.

what happens when BOJ starts dumping US debt

Very good infographic! Japan.