Upon examining the financial records for January 2026, it was found that the list of the ten countries with the largest holdings of U.S. Treasury securities exactly matched the data from December 2025. Despite some slight changes in the ranking among these countries, the overall list remained stable. Japan ranked first, with its holdings of U.S. Treasury securities reaching $1.23 trillion in January 2026, surpassing all other countries. It is worth noting that Japan has maintained this position in Treasury securities holdings monthly since June 2019.
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