Benn Steil


A graphical take on geoeconomic issues, with links to the news and expert commentary.

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U.S. External Debt

February 25, 2009

This chart compares the Treasury and Agency holdings of China and Japan. As the chart shows, the amount of debt that the U.S. owes to China has increased sharply this decade and the amount owed to Japan remains high. Will the United States’ continuing need for financing leave it in a weaker position relative to the major holders and purchasers of U.S. debt?

Dyer: China’s Dollar Dilemma
Warnock: Impact of East Asian Reserves Accumulation on U.S. Interest Rates
Dyer: Clinton Treads Carefully during visit to China
Setser: Sovereign Wealth and Sovereign Power
Kessler: Clinton Urges Continued Investment in U.S.

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