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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
