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    HomeNewsWorldUS Treasuries remain attractive: Japan govt official

    US Treasuries remain attractive: Japan govt official

    A senior Japanese government official said on Sunday that US Treasury bonds remain an attractive investment target for Japan despite a downgrading of the US sovereign debt rating.

    August 07, 2011 / 11:44 IST

    A senior Japanese government official said on Sunday that US Treasury bonds remain an attractive investment target for Japan despite a downgrading of the US sovereign debt rating.

    "There is no change in Japan's trust in US bonds," the official told reporters.

    Japan's foreign reserves stood at USD 1.15 trillion at the end of July, the bulk of which is thought to be in Treasuries, making it the second largest foreign holder of US sovereign debt.

    first published: Aug 7, 2011 09:20 am

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