WASHINGTON (AP) -- Japan increased its holdings of U.S. government debt for an eighth straight month in January. But the second-largest holder of U.S. Treasury bonds will likely scale back its purchases of foreign holdings, and even sell off some, in coming months to divert money toward rebuilding a nation devastated by a powerful earthquake and an ensuing nuclear crisis.
The Treasury Department said Tuesday that Japan boosted its holdings 0.4 percent to $885.9 billion in January.
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Comment: There's a lot to sell, and sell they must.
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