Japan reclaims its status as the U.S. government’s top creditor. : Japan reclaimed its previous status away from China as the U.S. government’s biggest creditor for the first time since 2017, according to the widely-watched Treasury International Capital report (TIC) published Thursday afternoon. The report offers a snapshot of foreign buying of Treasurys at a time when U.S. government bonds have seen a dramatic rally over the course of the year amid persisting trade tensions and unflagging global growth concerns. Japan’s holdings rose to $1.123 trillion in June, around a three-year high, from $1.101 trillion in May.