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Banking

Japan: Tall tales about T-bills

Foreign holders of US treasuries, June 1998
$ bn (%)
United Kingdom

264.7

21.2

Japan

264.1

21.2

Germany

95.0

7.6

Opec countries

49.8

4.0

Spain

47.4

3.8

China

45.2

3.6

Hong Kong

39.5

3.2

Singapore

34.7

2.8

Netherlands Antilles

32.5

2.6

Taiwan

30.9

2.5

Switzerland

24.9

2.0

France

22.1

1.8

Belgium/Luxembourg

21.8

1.7

Mexico

20.7

1.7

Canada

13.0

1.0

Korea

11.4

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